Loan amount
$5M-$10M
Loan-to-value (LTV)
100%
Required credit score
None
Required deal experience
1 deal
Rates
Varies per project
Fees
Varies per project
Address
497 Beverly Island, Waterford, MI, 48328
About
American Funding Corporation is a Michigan based firm that originates credit tenant lease loans and mortgages for income producing and owner-occupied properties on behalf of leading regional and national investors. William R. Yates began his career at Manufacturers National Bank Of Detroit in the mid 1970’s. As a commercial loan officer, he provided direct construction/end-loans to major developers throughout the Midwest. He also administered the end-loan portfolio for the denova bank, Manufacturers Bank Of Lansing.
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