DMI News

Develop Michigan Provides $3.15 Million Financing for GDC-East Jefferson

DMI has announced the closing of a $3.15 million investment to support the acquisition of GDC-East Jefferson, a vacant piece of land located at 7850 East Jefferson in Detroit, MI.

Develop Michigan Provides $3.6 Million Investment for New Wayne County Assisted Living Facility

DMI has announced the closing of a $3.6 million investment to support Eden on the Rouge, a 92-bed assisted living and memory care facility located in Wayne County, MI.

Develop Michigan Announces Closing of $3.5 Million Detroit Office Building

DMI has announced the closing of a $3.5 million loan to support the acquisition and renovation of 1401 Vermont in the Corktown area of Detroit.

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

DMI has announced the closing of an $8.46 million loan to support the development of 505 Main Milford in Milford, MI. DMI has also announced the closing of a $4 million investment to support Lafayette West in Detroit, MI.

Develop Michigan Provides $1 Million Loan for Renovation of Historic Manistee Furniture Store

DMI has announced the closing of a $1 million bridge loan to support the renovation of the historic North Channel Furniture store building.

Develop Michigan Provides $1 Million Loan for Renovation of Historic Detroit Building

DMI has announced the closing of a $1 million pre-development loan to support the renovation of the historic Woolworth Building in Detroit, MI.

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

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.

Develop Michigan 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 in Detroit, MI.

Develop Michigan Delivers $23 Million in Statewide Project Financing

DMI has announced eight loans totaling over $23 million.