Client Focus : 616 Development
Upcycling Can Be Challenging
Financing it shouldn't be.
"I chose First National Bank of Michigan because of its experience and authenticity. They're a community-minded bank that understands what we're about--upcycling underused, often historic buildings into stylish dwellings for Grand Rapids' up-and-coming neighborhoods. Our relationship is like a partnership. Dan Bitzer and Brian Campbell of the Grand Rapids lending team care about our success and that of our community. It's a great feeling."
-Derek J. Coppess, Founder and Director, 616 Development
"616 Development and First National Bank of Michigan have similar strategies, one of the most important being investing in West Michigan's Local Core Communities to improve where we live, work and play. A recent and exciting project by First National Bank of Michigan and 616 Development is the transitioning of a historic formerly underutilized church into a vibrant 22 unit multi-family apartment complex in the heart of the Medical Mile. This project, known as Lofts on Prospect, has unique qualities that set it apart from other competitors' projects, through the incorporation of the former church's architecture and finishes.
616 Development's expertise in real estate development and the Bank's expertise in construction financing, utilizing various market incentives including Tax Credit, Grant, and Real Estate Property Tax Abatements, makes for a strong partnership. The success of our partnership starts at the foundation, and the strong foundation is built upon individuals who have a passion for their businesses and the continuing improvement of West Michigan communities."
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