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Seminole Financial Services Provides Equity Financing for Fenton, Michigan Multifamily Apartment Complex

Seminole Financial Services announces today the closing of an equity investment in the amount of $2.390 Million to fund the acquisition of the Fairfield Apartments, an existing garden-style, multifamily apartment complex located on a 7.4 acre site in Fenton, Michigan. The community was originally constructed in 2002 as seven buildings containing 180 rental apartment units and totaling 131,950 square feet of rentable space. In 2006, the property converted 78 units for the sale of condos. In addition, the property consists of a clubhouse with a 24-hour fitness center, resident business center, pool with sundeck, community BBQ grill and picnic area, and covered parking.