The Millennia Companies announced that it has secured the $30 million refinancing for the 407-unit Davis Creek Apartments in Portage, Mich., and the 152-unit Canterbury East in Mount Pleasant, Mich.
JLL worked on behalf of the borrower to secure the loan through Citigroup.
Davis Creek Apartments was built in 1969 and renovated in 2013. It consists of 33 studio apartments, 276 one-bedroom and 98 two-bedroom units. Amenities include two enclosed dog parks, pavilions with picnic and grilling areas, a 24-hour emergency maintenance team and walking-jogging trails. Situated at 5419 Meredith St., Davis Creek Apartments are located 15 minutes from downtown Kalamazoo and two miles away from Interstate 94, providing access to Detroit in two hours. The property’s location is near top employers, including Pfizer, Stryker and Bronson Healthcare, as well as numerous retail stores within a four-mile radius, such as ALDI, Target, The Home Depot, Kohl’s, Planet Fitness, Dick’s Sp
