COMMERCIAL MORTGAGE CAPITAL ARRANGES $25 MILLION IN FINANCING

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AUBURN HILLS, EAST LANSING AND FLINT, MICH. — Aaron Klein of Commercial Mortgage Capital Inc. has arranged more than $25 million in loans for properties throughout Michigan. Klein has arranged $15.06 million in financing for a 104,000-square-foot industrial property located in Auburn Hills. The non-recourse financing was based on a 10-year term, with a fixed rate of 6.33 percent. In East Lansing, Klein has arranged a $7.25 million loan for a student housing facility. The 10-year non-recourse loan for the 215-unit property carries a fixed rate of 6.49 percent. Additionally, Klein has arranged $2.7 million in financing for a 130-unit multifamily community in Flint. The 4-year partial-recourse loan has a fixed rate of 5.07 percent.

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