WEST BLOOMFIELD, MI-NorthMarq Capital has secured $70 million in refinancing for the Aldingbrooke Apartments project in West Bloomfield, Michigan. Allerion Associates LLC has obtained the loan for its first mortgage on the development.
The loan has a 10-year term and a 30-year amortization schedule. NorthMarq secured the loan through its seller-servicer connection with Freddie Mac. NorthMarq Capital's Chicago and Charlotte offices arranged the loan for Allerion Associates. For the full story, go to Commercial Property Executive .
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