CRE V Michigan

Love Funding provides $11.3 million bridge loan for assisted-living facility in Carbondale

Landings-of-Carbondale

NAI Wisinski of West Michigan broker Bill Tyson, represented property owner Riverstone LLC in the sale of a 2,733-square-foot building at 5091 Broadmoor Avenue S.E. in Kentwood, Michigan to buyer Jason Brinks.

NAI Wisinski of West Michigan broker Bill Tyson, represented property owner Riverstone LLC in the sale of a 2,733-square-foot building at 5091 Broadmoor Avenue S.E. in Kentwood, Michigan to buyer Jason Brinks.

The property, which sits on 1.51 acres with 580 feet of frontage along Broadmoor (M-37), will be updated for use as a used-car retail operation doing business as J Brinks Motor Sales. Brinks currently operates as a used-car wholesaler in Saugatuck. The Grand Rapids location is expected to open in the spring of 2016.

The site had previously been used for auto-related businesses, including a national rental car agency and a local auto dealer.