Twins Real Estate Receives $2.3M Loan for Refinancing of Multifamily Community in Battle Creek, Michigan

BATTLE CREEK, MICH. — Twins Real Estate has received a $2.3 million Freddie Mac small balance loan for the refinancing of Hidden Lane Apartments in Battle Creek, about 25 miles east of Kalamazoo. Located at 612 Garrison Ave., the 77-unit community is comprised of three apartment buildings and two townhome buildings. Jason Brown and Sam Orman of CBRE Capital Markets arranged the 10-year loan, which is amortized over 30 years and features a fixed rate of 4.13 percent and a 70 percent loan-to-value ratio.