Loop Secured a $6.4M Loan for Refinancing of a 104-unit community in Southfield, MI.

November  2020

Loop has refinanced Cambridge Square Apartments. This 104-unit property in Southfield, MI was initially purchased in 2016, had been refinanced in 2018, and now has just closed on another refinance. The new $6.4M loan was finalized for 10 years at a 2.81% fixed interest rate with five years of interest only.