BERNARD FINANCIAL GROUP ARRANGES TWO LOANS TOTALING $2.38 MILLION

OWOSSO AND EVERGREEN TOWNSHIP, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged two loans in Michigan totaling approximately $2.38 million. In Owosso, the company has secured approximately $1.38 million for the 77-unit Corlett Creek Apartments. Corlett Creek Associates LLC was the borrowing entity for the three-building community. Additionally, Bernard Financial Group has arranged $1 million in financing for an industrial/office facility located in Evergreen Township. Wright Plastics Products Co. was the borrowing entity for the 265,808-square-foot building. An undisclosed life insurance company provided financing for both properties. Additional terms of the loans were not disclosed.