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WESTLAND, MI-The Hayman Co. of Troy, MI, through its affiliate Brookside Commercial Mortgage Co., recently placed a $9.5-million first mortgage for Hunters WestApartments located in this Detroit suburb. Hunters West Apartments is a 426-unit high-rise apartment property.

The loan was a Fannie Mae mortgage provided through Seattle-based Eichler Fayne & Associates. The interest rate was locked in at 7.85% with a term of seven years based on a 30-year amortization. The borrower is a group of private investors based in Michigan.

Hayman is a privately owned real estate company which owns and operates property in 12 states, specializing in the ownership and management of apartments, offices and hotels.

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