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 NOI. The 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.