The group arranged a $4.5 million loan for Philamer Apartments, a 118-unit complex in Royal Oak, MI. The borrower is Philamvest Corp, and the lender is Greenwich Capital.
Bernard also handled a $1.8 million loan for Mill Pond Apartments, a 59-unit complex in Brighton, MI, for borrower Robert Miller. The lender is Comerica Bank.
Finally, the company arranged a $1.5 million loan for Sprinkle Ridge Apartments, a 176-unit complex located in Portage, MI. The borrower is Mark Canvasser, and the lender is Column Financial.
Bernard is a mortgage-banking firm representing several life insurance companies and conduits in Michigan.
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