Townhome Apartment Community

Acquisition Loan 

Location: Southeast, Michigan
Loan Amount: $11,600,000
Term: 30-Year
Amortization: I/O then 30-Year
Execution: Agency 

• 135 Townhome Units in SE Michigan
• Permanent Loan
• Initial I/O period followed by 30-year amort.
• Ability for additional proceeds post-value add
• Assumable, Non-recourse
• 1.25x DSCR constrained