![Pillar arranges $11.8 million in debt refinancing on Capitol Park development]()
Kirk Pinho
- The Bloomfield Hills office of New York City-based Pillar Capital Finance LLC has originated $11.8 million in long-term debt for a $37 million Capitol Park redevelopment. The Detroit Savings Bank Building project at 1212 Griswold St. by Lansing-based Karp + Associates LLC has five floors of office space for the Archdiocese of Detroit and 56 apartments on the upper seven floors. Completed in February 2015, the new loan that closed Sept. 21 paid off a short-term J.P. Morgan Chase construction