January Capital Markets Updates
The team at District Capital wishes everyone a Happy New Year and a safe and prosperous 2021! We want to thank our clients, lenders, vendors, affiliates, friends and family for the continued support and business during this last year. We understand...
Creative financing and a bold vision: Foster Financial makes big play in downtown Detroit with 211 Tower purchase
Dan Gilbert, owner of Bedrock and founder of Quicken Loans, has long been the dominant investor leading the resurgence of downtown Detroit. This doesn’t mean, though, that others aren’t investing in Michigan’s largest city.
Metro Detroit Real Estate Developer, Foster Financial, Purchases 211 Tower
Detroit, MI – Foster Financial Company, Inc., a Metro Detroit-based real estate firm led by 28-year-old Bradley Foster, has just acquired the 450,000 square foot, twenty-eight story 211 Tower (located at 211 West Fort, Detroit, Michigan)....
June Capital Markets Update
District Capital is very grateful to have stayed busy during the Covid-19 pandemic. A big THANK YOU to our patient clients and resilient lenders for the extremely productive quarter. District Capital was fortunate to have closed over $100,000,000 in...
April Capital Markets Update
We hope this market update finds everyone safe, healthy and caught up on all your favorite Netflix shows! As the days quarantined continue to mount, and our patience diminishes, we wanted to keep everyone up to speed with what we are hearing on the...
March 27th Capital Markets Update
Wow, what a difference a week makes. While the stock market is running, the capital markets have aggressively shifted to the negative with spreads continuing to be wide. The Fed’s recent actions seemed to have stopped some of the...
From the Desk of Kevin Kovachevich
On behalf of the District Capital team, we hope this message finds you and your families well. We understand the hardships this pandemic has caused, and the abrupt changes we all face in our day to day to lives. We've spent these last few days...
Life Company vs Bank Financing
Did you know...
District Capital has relationships with many alternative resources for real estate financing other than banks or credit unions. If you like low long term fixed rates, low transaction costs, no loan covenants...
Neil Gorosh Joins the District Capital Team
Neil Gorosh is thrilled to be reunited with his former colleagues who have formed District Capital, LLC, a full-service commercial mortgage banking firm located in Midtown Detroit. Neil will act in the capacity of Managing Director and General...
District Capital Launches Capital Markets and Servicing Platform
Kovachevich Opens Only Full Service Mortgage Banking Firm Headquartered in Detroit
Detroit’s District Capital Launches Mortgage Banking Platform
District Capital, a full-service mortgage banking firm headquartered in Detroit’s Brush Park, has launched its Capital Markets and Servicing Platform.
Detroit's District Capital Launches Capital Markets Platform
Detroit, Michigan-based District Capital has launched its Capital Markets and Servicing Platform to meet demand in the city’s hot commercial real estate market.
Commercial Mortgage Banker Kovachevich Launches Detroit-Based Mortgage Banking Firm, With Focus on Top Talent
District Capital enters the market with experienced brokers, deep lending relationships
Why Use a Mortgage Banker?
Entering the commercial real estate mortgage market as a borrower can be both a daunting and rigorous task. The lending market is filled with many seemingly similar lenders offering terms that can either benefit or potentially take advantage of the borrower. So, it is important to be able to differentiate between loan terms and options and come to a decision on who to trust and who to work with.
Servicing Insights
Everyone always asks, why do lease reviews and approvals take so long?
One of the most frustrating day-to-day servicing issues encountered by Borrowers is the lease review and approval process.