Loop Acquires Loans for the Refinancing of Three Properties Throughout Southwest Michigan
Three properties in the Southwest Michigan portfolio have been approved for refinancing. The initial purchase amount for the three properties was $14M while the loan is for $15.6M. Loop has improved these properties tremendously through curb appeal, strengthening overall operations, and increasing property value by more than 50% over the last four years. Investors will be receiving the entire principal amount back while still expecting to continue making quarterly distributions.