NewPoint Real Estate Capital Provides $20.6 Million Construction Loan to Help Create 99 Affordable Apartments

NewPoint Real Estate Capital provided a $20.6 million construction loan to help finance Michigan Street Commons, which is a 99-unit affordable housing community in Milwaukee.

Construction is already underway on the $27.5 million apartment building, which will be delivered in spring 2024. Kenosha-based Bear Development is the developer on the Michigan Street Commons project and is managed by Construction Management Associates Inc.

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