SOUTHFIELD, MI - Bernard Financial Group has arranged an $8,000,000 loan for Newburgh Plaza. The loan consists of an existing retail property containing 154,283 square feet located in Livonia, MI. The borrowing entity is Newburgh Plaza, LLC. The loan was originated by Dennis Bernard and Kevin Kovachevich.
Bernard Financial Group is located in Southfield, Michigan. The lender, Wells Fargo Bank, National Association, is a servicing correspondent of Bernard Financial Group. Bernard Financial Servicing Group, a mortgage banking firm representing several life insurance companies and conduits in Michigan, will provide full servicing for this loan. Bernard Financial Group is a member of Strategic Alliance Mortgage.