Loop secured a $27.8 million loan for refinancing of a 382-unit community in Southfield, MI

Loop investment announces the refinancing of Solaire Adult Active Community.  It was acquired in 2015 for under market value. Hands-on management, along with rent increases and water reimbursements, added 20%+ to the Net Operating Income (NOI). The Department of Housing and Urban Development (HUD) loan was finalized during December 2017 at an appraised value of $34,750,000, representing a multiple of over four on the equity in less than three years. 

Rehab at Park at Riverwoods Complete

In early 2019, Loop Investments purchased Huron View Apartments in Ypsilanti, Michigan. The property had been neglected and many residents were months behind on rent. With Eastern University less than a mile away, the potential for a flourishing property was evident. Understandably...