REBusinessOnline

Bernard Financial Arranges $42M Refinancing Loan for Industrial Facility in Delta Township, Michigan

Multiple tenants occupy the 1.7 million-square-foot facility.

DELTA TOWNSHIP, MICH. — Bernard Financial Group has arranged a $42 million loan for the refinancing of a 1.7 million-square-foot industrial facility in Delta Township, located just west of Lansing. Multiple tenants occupy the building. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the loan. Barings Real Estate Advisors provided the loan for the borrower, Ashley Delta LLC.

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