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WESTLAND, MI-A planned condominium development here now has funding in place, thanks to an $8-million loan from Charter One Bank. The mortgage was 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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