Citigroup Provides $30M Loan For Michigan Multifamily Properties Owned By Millenia Cos | 5419 Meredith Street & 1517 Canterbury Trail | Citibank | MultiFamily | Loan

Summary

Loan

MICHIGAN

MultiFamily

The multifamily properties located at 5419 Meredith Street and 1517 Canterbury Trail have secured a refinancing loan. The properties consist of a total of 559 units and are situated in the markets of Portage and Mount Pleasant.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $30,000,000
Lender: Citigroup
Landlord: Frank T. Sinito - Millenia Cos
Broker: JLL

Citigroup has provided $30 million in financing for two Michigan apartment properties owned by Millenia Cos. The loan includes $23 million for the 407-unit Davis Creek Apartments in Portage and $7 million for the 152-unit Canterbury East Apartments in Mount Pleasant. JLL Capital Markets acted as the facilitator for the financing.

Players

All
1

Lenders
1

Citibank

Details

Deal Summary

FINANCED

IMAGE: Frank T. Sinito DATE: 01/16/2024 ADDRESS: 5419 Meredith Street & 1517 Canterbury Trail MARKET: Portage & Mount Pleasant ASSET TYPE: Multifamily ~ UNITS: 559 LENDER: Citigroup (@CitiBank) LANDLORD: Frank T. Sinito - Millenia Cos (@LiveMillennia) BROKER: JLL (@JLL) LOAN AMOUNT: $30,000,000 LOAN TYPE: Refinance NOTE: Citigroup has extended $30 million in financing for two Michigan apartment properties, including $23 million for the 407-unit Davis Creek Apartments in Portage and $7 million for the 152-unit Canterbury East Apartments in Mount Pleasant. Both properties are owned by Millenia Cos., with JLL Capital Markets facilitating the financing.

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Address5419 Meredith Street & 1517 Canterbury Trail

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