Business & Tech
Real Estate Group Closes Loan For Downtown Development
Soaring Pine Capital closed on a $1 million loan to help complete a new mixed-use development in Royal Oak.
Soaring Pine Capital closed on a $1 million bridge loan Wednesday to purchase property downtown for a multi-use development in Royal Oak. The company says the mixed-use space will offer 40 apartments with retail spaces on the ground floor.
"It's always exciting to see new developments in our local neighborhoods," said Faiz Simon, Managing Director at Simon Group Holdings. "Royal Oak is a great city and we are proud to contribute to its growth."
Soaring Pine, which is part of the larger Simon Group Holdings, plans to repay the loan within four months.
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Rendering via Soaring Pine Capital.
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