Pillar Originates $7M Loan for Multifamily Property in Auburn Hills, Mich.

AUBURN HILLS, MICH. — Pillar has arranged a $7 million Freddie Mac loan for Auburn Square, a multifamily property located in Auburn Hills. David Wilkins of Pillar’s Bloomfield Hills office originated the 10-year, fixed-rate loan, which includes a 30-year amortization schedule. The 97-unit apartment building is located less than a mile from Fiat Chrysler Automobiles’ world headquarters. The property is fully leased at market rates.