Michigan Impact | October 2024
Featured Deal
Housing Financed in Macomb County
MBC recently provided $8.95 million in financing for the purchase of a 100-unit apartment project. The financing allowed local buyers to acquire a newly renovated garden style multi-family property and improve housing opportunities in Sterling Heights.
Project Details
Amount: $8,950,000 Commercial Loan
Where: Sterling Heights, Michigan
MBC and our partner credit unions provided a competitive interest rate and flexible terms, which included 2 years interest only. This enabled the borrower to make the purchase now and continue to improve the property and enhance the community into the future.
MBC and our funding partners are difference makers all over the state of Michigan. We are community-focused and mission driven. We are committed to lending in both weak and strong economic cycles across a wide variety of financing amounts, property types and needs. At over $1.7 billion in managed assets, this consistency is what has allowed MBC to be one of the leading commercial lenders in Michigan.
Welcome Home!
Contact MBC today to see how we can provide the financing solutions you need.
MBC was established in 2004 to help support Michigan credit unions offering commercial loans. Credit unions working with MBC combine their resources and work together to offer the best borrowing options for Michigan businesses. In addition to offering SBA, MEDC, and USDA loan programs, MBC provides the following conventional loan types:
- Commercial Real Estate Financing
- Commercial Construction and Development Financing Commercial
- Term Loans and Equipment Financing
- Commercial Lines of Credit