City of Oak Park Planning Commission Meeting Agenda March 2026
Bank Proposes Construction Loan for Mixed-Use Project
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Description
ChoiceOne Bank issued a financing proposal to DMM Realty LLC for construction of apartments at 21790 Coolidge Hwy, offering up to 70% LTV/LTC construction loan, subject to approval.
Contract Details
Contract Amount
Not to exceed 70% LTC or LTV whichever is less
Vendor
CHOICEONE BANK
Agency
City of Oak Park, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 7, 2026
Contract Term
12-18 month construction period
Renewal Info
Term is for the construction period only; no auto-renewal specified; contingent on final approval and compliance with lender requirements.
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