Bernard Financial arranges big loan for Michigan office center
May 18, 2010 | Staff Writer | Print Article | Email this Article
Southfield, Mich.-based Bernard Financial Group recently arranged a $42 million loan for Columbia Office Center I & II. in Troy, Mich. These two 14-story buildings consist of a combined total of 506,000 square feet, and are located in the premiere office location in Troy.
The borrowing entities are CC Troy Associates I, LLC and CC Troy Associates II, LLC. The loan was originated by Dennis Bernard and Kevin Kovachevich.
The lender on this project was JP Morgan Chase Bank, N.A., a correspondent of Bernard Financial Group. Bernard Financial Group, which will also service this loan, is a mortgage banking firm representing several life insurance companies and conduits in Michigan.
Tags | Bernard Financial, Michigan, Office, Troy
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