What We've Done

216 Unit Townhome Apartments

Location: Suburban Detroit
Loan Amount: $11,500,000
Term: 15 Years 
Amortization: 25 Years
Execution: Life Company

Suburban Townhome Apartments

District Capital recently closed a 216-unit townhome apartment complex in Suburban Detroit with a correspondent Life Company. The 15-year fixed rate at 3.125% was a forward rate lock and the 10-year TSY was higher than coupon on the day of closing!