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Develop Michigan (DMI) Provides $12.46 Million in Financing for Community Development Projects

To Date DMI has Financed Project with $265 Million of Total Development Costs Develop Michigan, Inc. (DMI) is a key financing partner for commercial real estate developers committed to fostering economic development and the revitalization of the Michigan economy. DMI Invests $8.46 Million to Support 505 Main Milford DMI announced the closing of an $8.46 …

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Develop Michigan Closes its 17th Michigan Investment

To Date DMI has Financed Projects with $248 Million of Total Development Costs Develop Michigan, Inc. (DMI) is a key financing partner for commercial real estate developers committed to fostering economic development and the revitalization of the Michigan economy. DMI Provides $1 Million Loan to Support Renovation of Historic North Channel Furniture Store in Manistee, …

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Develop Michigan Closes its 16th Michigan Investment

Total Project Costs of $244 Million Develop Michigan, Inc. (DMI) is a key financing partner for commercial real estate developers committed to fostering economic development and the revitalization of the Michigan economy. DMI has announced the closing of a $1 million pre-development loan to support the renovation of the historic Woolworth Building in Detroit, MI. …

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DMI Provides $8 Million Financing – The Grand Rapids, Michigan Industrial Portfolio

Develop Michigan, Inc. (DMI) has announced the closing of an $8 million mezzanine loan to support the development of an industrial and commercial corridor in Grand Rapids, MI and Lansing, MI. Developed by a partnership between First Holding, Milford & Singer Co., and CG Emerson Real Estate Group, the renovation of the six scattered sites …

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Develop Michigan Inc. Provides $5.6 Million Financing – The Element Detroit at the Metropolitan Building

DMI has announced the closing of a $5.6 Million subordinated mortgage to support the renovation of the Metropolitan Building at 33 John R Street, Detroit, MI into a 110-room extended stay hotel with first floor retail operations. The property, which will be operated under the Starwood brand, will be known as the Element Detroit at …

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Develop Michigan Delivers $23 Million in Statewide Project Financing

Develop Michigan Inc. (DMI) closed eight loans totaling over $23 million in the last year. This investment in the Comeback State brings critical financing to commercial real estate developments in Michigan and leverages total investment of $58 million. DMI was formed as a collaboration between the Cinnaire, the Development Finance Group and the Michigan Economic …

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GLCF Magazine, Avenues to Affordability, Explores Develop Michigan, Inc. (DMI)

Cinnaire is proud to release Issue 2 of Avenues to Affordability, our quarterly publication covering the latest topics and trends in the community development space. This quarters’ news centers around Develop Michigan Inc., or DMI, a non-profit, development finance organization driving economic development projects across the State of Michigan. DMI is a collaborative effort led …

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