Ferndale Flex Industrial

$2,700,000 Life Insurance Company Refi

Location: Ferndale, MI
Loan Amount: $2,700,000
Term: 20 Years
Amortization: 20 Years
Execution: Life Insurance Company 

District Capital is pleased to announce the recent closing during the Covid-19 crisis. The borrower secured a 20-year term and 20-year amortization with a rate at sub-3.5%. This cash-out creates dry powder for any opportunities that the borrower finds in the coming months.