107 Unit Apartment Portfolio

$4,000,000 Refinance on Two Apartment Communities

Location: Warren, MI
Loan Amount: $4,000,000
Term: 30 Years
Amortization: 30 Years
Execution: Life Company

District Capital closed a $4MM cash-out refinance loan on two apartment communities totaling 107-units located in Warren. The loan was closed with a correspondent life company and featured a 30-year term and 30-year amortization schedule.