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SOUTHFIELD, MI-Bernard Financial Group has arranged $45.8 million in loans for various retail, multifamily and office/industrial projects in Michigan and Indiana. These include:

* A $20-million loan for Madison Place Shopping Center, a 297,889-sf shopping center in Madison Heights, MI. The borrower is local developer Stuart Frankel and the lender is First Union Securities.

* A $16.5 million loan for Fair Oaks Mall, a 412,726-sf structure in Columbus, IN. The borrower is Columbus Mall Associates Limited Partnership and the lender is LaSalle National Bank.

* A $5.4-million loan for Cambridge House Apartments, a 201-unit multifamily complex in Sterling Heights, MI. The lender is Prudential Mortgage Capital Co.

* A $950,000 loan for Great Lakes Coating, a 22,722-sf office/light industrial building in Troy, MI. The borrower is KASE Associates, and the lender is Summit Investment Partners.

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