Bernard Financial Group Arranges $30.4M Loan for Multifamily Property in Detroit

DETROIT — Bernard Financial Group has arranged a $30.4 million 221 D(4) FHA loan for the development of DuCharme Place in Detroit’s Lafayette Park neighborhood. Being constructed on a vacant lot, the four-building multifamily property will consist of 185 apartment units. Dave Dismondy of Bernard Financial originated the loan for the undisclosed borrower.