Michigan Impact | June 2025
Featured Deal
Student Housing Portfolio Financing
MBC provided $60 million of financing for the refinance and purchase of 167 properties on Michigan State University’s campus in East Lansing Michigan. The financing supported student housing ranging from apartments to fraternity houses and other properties located on the university’s campus.
Project Details
Amount: $60,000,000 Financing
Where: East Lansing, Michigan
The loan structure provided a competitive fixed rate with flexible prepayment privileges. This gave the borrower options to evaluate refinancing should interest rates come down in the future or ease an exit if it receives an attractive offer to sell. Further, it demonstrates the full lending capacity and capabilities of MBC and our partner credit unions.
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. This consistency has allowed MBC to be one of the leading commercial lenders in Michigan with over $2 billion in managed assets!
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