Bernard Financial Group Arranges $1.5M Loan for Assisted Living Community in Michigan

by Jeff Shaw

CLINTON TOWNSHIP, Mich. — Bernard Financial Group has arranged a $1.5 million loan for a 24-unit assisted living facility in the Detroit suburb of Clinton Township.

The borrower is CL Apartments LLC. David Dismondy originated the loan and Assurity Life Insurance Co. provided the capital. Bernard Financial will service the loan.

The name of the facility and use of the loan were not disclosed.

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