Mid Apartments

$1,098,000 Fannie Mae Small Balance Loan

Location: Romulus, MI
Loan Amount: $1,098,000
Term: 10 Years
Amortization: 30 Years
Execution: Fannie Mae Small Balance 

District Capital closed a Fannie Mae Small Balance loan providing their client with non-recourse, fixed-rate financing for 10 years.  This loan was closed during the middle of the COVID-19 crisis while all parties involved were working remotely.