$8M Loan Propels First Phase of Condo Project

By Dan Heaton | August 23, 2004 at 08:39 AM

WESTLAND, MI-A 104-unit condominium project on a 29-acre site is in the works after Charter One Bank provides a mortgage, arranged through iCap's Detroit office.

The loan will finance acquisition, development and construction loan for the first phase of a 104-unit attached condominium development in Westland, says Larry Hardwood, who closed the loan for iCap.

The development is being constructed on a 29-acre site consisting of 26 four-plex buildings.

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