BERNARD FINANCIAL GROUP ARRANGES $4.6 MILLION IN FINANCING

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SOUTHFIELD, MICH. — Southfield-based Bernard Financial Group has arranged a $4.6 million loan for Stanford Townhouses located in Southfield. The borrower for the multifamily complex, which consists of 118 units within 16 buildings, was Stanford Townhouses LLC. The lender was KeyCorp Real Estate Capital Markets Inc. Terms of the financing were not disclosed.

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