ANN ARBOR AND SOUTHFIELD, MICH. — EF&A Funding has secured two loans totaling $11.88 million for Michigan multifamily properties. In Ann Arbor, EF&A closed on a $7 million acquisition loan for the 134-unit Ponds at Georgetown Apartments. In Southfield, the company closed on a $4.88 million acquisition loan for the 106-unit Monticello Apartments. Financing in both transactions was for a 10-year term with a 1-year extension and the first 4 years interest only. John Marr represented EF&A in both transactions. The borrowers were undisclosed.