Multifamily V Michigan

Bernard Financial Group closes $12.8M loan for apartment tower in Oak Park, Michigan

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Bernard Financial Group recently closed a $12.8 million loan for Lincoln Towers Apartments, a 480-unit mid-rise apartment tower located in Oak Park, Michigan.

Bernard Financial Group recently closed a $12.8 million loan for Lincoln Towers Apartments, a 480-unit mid-rise apartment tower located in Oak Park, Michigan.

Lincoln Towers Apartments LP is the borrower. The lender was a CMBS firm and a servicing correspondent of Bernard Financial Group.

Bernard Financial Servicing Group will provide full servicing for this loan. Bernard Financial Group is a member of Strategic Alliance Mortgage (SAM).

The loan was originated by Dennis Bernard and Kevin Kovachevich.