Despite continuing travel and activity restrictions, real estate transactions are still being completed, but not without some adjustments.

The variable rate taxable bond is becoming a popular financing method for capital projects, debt refinancing and acquisition financing. Variable rate taxable bonds are available for non-manufacturing as well as manufacturing clients. The interest rates on variable rate taxable bonds are generally 1 to less than conventional interest rates. The […]

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There is good news for religiously-affiliated organizations on the financing front. On September 16, 2002, the Michigan Attorney General’s Office granted its approval of Michigan Strategic Fund (“MSF”) revenue bond financing for the costs of land acquisition and construction of a new 73,100 sq. ft. school facility for our client, […]

Federal law and Michigan law require a purchaser of property to investigate whether the property is environmentally contaminated; otherwise, the purchaser runs the risk of becoming legally liable to pay the cost of cleaning up contamination on the property, even though caused by a prior owner. Unlike most states, Michigan […]

While the economic downturn in 2008-2010 created significant difficulties for many people related to their real estate holdings (dramatic losses of equity, difficulty in selling and financing or re-financing houses and, in some cases, short sales or mortgage foreclosures), it also has presented opportunities for prospective purchasers to purchase real […]

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