$2,375,000 Multiple Site Apartment Loan
Location: Ferndale, MI
Loan Amount: $2,375,000
Term: 7 Years
Amortization: 30 Years with I/O
Execution: Freddie SBL
District Capital closes a Freddie SBL on a multi-family portfolio of 28-units, spanning three buildings in Ferndale, Michigan. The closing required multiple exemptions from Freddie Mac given the "scattered site" nature of the deal.
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