LifeCo Portfolio Loan

$23,000,000 Lansing Area Apartment Portfolio

Location: Lansing MSA
Loan Amount: $23,000,000
Term: 30 Years (10+10+10)
Amortization: 30 Years
Execution: Life Company

District Capital is thrilled to announce the closings of a $23M portfolio with our correspondent LifeCo lender. A portfolio loan was facilitated with ultra-low closing cost per property ($7,600/property). The loan was locked at application and closed with a sub 1% spread with the treasury run-up.