David Scheer Of Dwight Mortgage Trust Provides $88.5M Loan For Multifamily Acquisition In Belleville MI

The property asset involved in this transaction is a multifamily unit located at 49000 Denton Road in Belleville, MI. This asset consists of 1,046 units and covers a total square footage of 1,123,560. The acquisition loan amount secured for this property is $88,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,500,000
• Asset Address: 49000 Denton Road
• Market: Belleville, MI
• Units: 1,046
• Square Feet: 1,123,560
• Lender: David Scheer - Dwight Mortgage Trust
• Landlord: Paul E. Kiebler - Pepper Pike Capital Partners
• Loan Type: Acquisition

This transaction was facilitated by David Scheer, representing Dwight Mortgage Trust as the lender. Additionally, Paul E. Kiebler represents Pepper Pike Capital Partners as the landlord involved in this acquisition deal.