Multi-Family

$2,600,000 Freddie Mac Small Balance Loan

Location: Pontiac, MI
Loan Amount: $2,600,000
Term: 10 Years
Amortization: 30 Years
Execution: Freddie Mac SBL

District Capital is pleased to announce the recent closing. The loan was put under application and closed during the COVID-19 pandemic. The non-recourse loan included a 10-year fixed-rate term and 30-year amortization with a very low coupon rate. As a lender correspondent, District Capital will also perform loan servicing for the life of the loan.