Ryan Denomme Of SF Capital Group Facilitates $32 Million Loan For Multifamily Property In Shelby Township

A 368-unit multifamily property in Shelby Township, Michigan, has secured a $32 million non-recourse bridge acquisition loan. This transaction involves a loan type characterized by three years of interest-only payments, specifically designed to assist in the acquisition of the asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Loan Type: Acquisition
• Loan Terms: Non-recourse bridge loan with three years of interest-only payments
• Units: 368
• Market: Shelby Township, MI
• Originator: Ryan Denomme - SF Capital Group

This loan also includes future funding commitments aimed at supporting renovations and stabilizing the asset as part of the sponsor’s value-add plan. SF Capital Group played a pivotal role in the transaction, with Ryan Denomme facilitating the loan acquisition for the property.