BEB Lending Enters Michigan Market with Bridge Loan

BEB Lending, the finance platform of BEB Capital, provided a $6.965-million bridge loan to 1029 SFG Equities LLC for the acquisition financing of a 365,000-square-foot industrial property at 12640 Burt Rd in Detroit. The financing transaction represents BEB’s first in Michigan. The term of the financing is 24 months.