Kalamazoo, MI (March 10, 2025) – Element 22 Commercial Group has successfully coordinated the financing for a major pickleball facility in Eastern Michigan. The Greystone Pickleball Club, LLC project, which spans 4.9 acres, will feature 18 courts within a 60,000 square-foot indoor space. This facility will cater to players of all levels, offering amenities for play, learning, and socializing. The funding for this project was made possible through the collaboration of numerous financial institutions and Credit Union Service Organizations (CUSOs) across Michigan and the nation, including Blue Ox Credit Union, Chief Financial Credit Union, CU Evolution, Connects Federal Credit Union, Forest Area Federal Credit Union, Great Lakes Commercial Finance, Honor Credit Union, Independence Business Consulting, Michigan Business Connection, Land of Lincoln Credit Union, Public Service Credit Union, Safe Harbor Credit Union, Security Credit Union, TBA Credit Union, and Traverse Catholic Federal Credit Union.
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Kenneth Leonard, CEO of Element 22 Commercial Group, expressed his satisfaction with the partnership: “It has been a great pleasure working with Independence Business Consulting, Security Credit Union, Great Lakes Commercial Finance, Greystone Pickleball Club and the 12 other financial institution participants that helped bring this project together. It is through this collaboration that we are able to assist our credit union and bank clients on these types of projects.”
Pat Chisholm, President of Greystone Pickleball Club, also expressed his excitement: “We are so excited for our project in Auburn Hills. Pickleball is such a communal, social sport where people can spend quality time together. Our development team, operations team and equity partners are all family and friends, and it is fitting that we have Security Credit Union as our project lender and Element 22 as the Loan Servicer and Participant aggregator. We have been treated like family by Element 22 from the onset and are so happy to have them involved with us as we start this venture.”
Dennis Murphy, CEO of Independence Business Consulting, remarked, “It was a pleasure working with Pat Chisholm and the Greystone Pickleball development team to bring their idea of a ‘country club inspired pickleball facility’ to life. A ground-up project of this magnitude is never easy to get funded, but we love a challenge at IBC. We took the file to market and found that Element 22, a Credit Union Service Organization (CUSO) would syndicate the loan with their network of credit unions to get the loan done. This is what Independence Business Consulting (IBC) does best; we use our background in title, construction and 20 plus years of lending to find creative solutions for lending.”
Gary Witkowski, VP of Business Development & Underwriting at Great Lakes Commercial Finance, added, “At GLCF, we are honored to support small businesses across Michigan. This project is particularly exciting as it brings a new pickleball facility to Auburn Hills, impacting the local community and contributing to the east side’s growth. We are proud to help fund a project that adds true value and creates new opportunities for residents and visitors.”
Security Credit Union's Wallace Dawson, Commercial Services Manager, shared, “Security Credit Union is proud to support the Greystone Pickleball Club, a project that brings new recreational opportunities and economic growth to Auburn Hills. Our commitment goes beyond financing— we are dedicated to investing in the communities within our field of membership and supporting initiatives that enhance the quality of life for our members and neighbors.”
This project represents the dedication of various stakeholders to bring new recreational spaces and growth opportunities to Michigan communities. Element 22 Commercial Group, a leading partner for commercial lending, continues to support the financial success of businesses and communities nationwide. For more information about Element 22, visit www.element22cg.com.
About Element 22 Commercial Group
Element 22 Commercial Group, based out of Kalamazoo, MI, offers nationwide commercial lending services, including loan sourcing, underwriting, closing documents, loan servicing, and participation loans. They specialize in supporting credit unions and banks to facilitate successful commercial lending ventures.
About Security Credit Union
Headquartered in Grand Blanc, Michigan, Security Credit Union has provided secure and convenient service since 1949. With over 50,000 members, SCU serves Michigan and northwestern Ohio, offering a full range of financial services.
About Independence Business Consulting (IBC)
IBC is dedicated to assisting small businesses in securing funding by aligning them with the right financial institutions and facilitating smooth lending processes. They specialize in title, construction, and lending solutions.
About Great Lakes Commercial Finance (GLCF)
Since 1981, GLCF has been financing growing businesses in Michigan with a focus on SBA 504 loans, providing low down payments, fixed interest rates, and long terms for small businesses purchasing or constructing properties. For further inquiries, contact Kaili Schneiderhan at kschneiderhan@element22cg.com.
Originally reported by CU Insight.