{"id":1004068402,"date":"2013-03-07T12:54:09","date_gmt":"2013-03-07T20:54:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=107821"},"modified":"2020-04-23T02:36:36","modified_gmt":"2020-04-23T10:36:36","slug":"one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\/","title":{"rendered":"Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">Studio One Apartments, a residential building located at 4501 Woodward Avenue in Detroit\u2019s Midtown neighborhood, has received $15.66 million in non-recourse financing from CBRE HMF, CBRE Group\u2019s direct HUD FHA lender. According to a press statement, the loan was funded through CBRE\u2019s FHA-insured permanent loan program with a fixed rate, 30-year, fully-amortizing loan.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/studio-one-apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-107822\" title=\"studio one apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/studio-one-apartments.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Developed and owned by Studio One Apartments, LLC in partnership with Wayne State University as part of the University\u2019s strategic development plan, the apartment project was completed in 2008 and includes 124 market-rate units. The five-story building is conveniently located close to the Detroit Medical Center; the Wayne State University campuses are within walking distance and the Museum of Contemporary Art, <a href=\"https:\/\/www.multihousingnews.com\/cities\/detroit-cities\/mocad-redesign-project-wins-international-architecture-award\/1004074350.html\" target=\"_blank\" rel=\"nofollow\">which will be renovated and expanded into a more functional cultural center for Detroiters<\/a>, is just a few blocks down the street.<\/p>\n<p style=\"text-align: justify;\">The five-story building totals 155,000 square feet of space, of which 30,000 are housing ground floor retail spaces. The facility also includes a ground-level parking space for 49 cars and an adjacent 950-space public parking garage owned by Wayne State University.<\/p>\n<p style=\"text-align: justify;\">\u201cWe are pleased to provide this FHA-insured financing. CBRE\u2019s loan will supply this Class-A property with stable fixed rate financing at a historically low interest rate to ensure the property remains a long term contributor to this vibrant community,\u201d said Jayne Hulbert, president of CBRE HMF, in a press statement.<\/p>\n<h6 style=\"text-align: justify;\"><em>Image courtesy of\u00a0www.studio1apartments.com<\/em><\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Studio One Apartments, a residential building located at 4501 Woodward Avenue in Detroit&rsquo;s Midtown neighborhood, has received $15.66 million in non-recourse financing from CBRE HMF, CBRE Group&rsquo;s direct HUD FHA lender. According to a statement for the press, the loan was funded through CBRE&rsquo;s FHA-insured permanent loan program with a fixed rate, 30-year, fully-amortizing loan.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004068402","post","type-post","status-publish","format-standard","hentry","category-detroit","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF\" \/>\n<meta property=\"og:description\" content=\"Studio One Apartments, a residential building located at 4501 Woodward Avenue in Detroit&rsquo;s Midtown neighborhood, has received $15.66 million in non-recourse financing from CBRE HMF, CBRE Group&rsquo;s direct HUD FHA lender. According to a statement for the press, the loan was funded through CBRE&rsquo;s FHA-insured permanent loan program with a fixed rate, 30-year, fully-amortizing loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-07T20:54:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T10:36:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/studio-one-apartments.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF\",\"datePublished\":\"2013-03-07T20:54:09+00:00\",\"dateModified\":\"2020-04-23T10:36:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/03\\\/studio-one-apartments.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Detroit\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/one-studio-apartments-refinanced-by-15-66-m-loan-from-cbre-hmf\\\/\",\"name\":\"Studio One Apartments Refinanced by $15.66 M Loan from CBRE HMF - 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