Fannie Mae Credit Facility Addition
Location: Grand Rapids, MI
Loan Amount: $150,000,000
Term: 10 Years
Amortization: Full Term Interest Only
Three Assets in Three States
District Capital is pleased to announce the funding of a $150,000,000 Fannie Mae Credit Facility Additional Advance. The assets consisted of three multifamily assets located in three different states, The financing provided the client with access to trapped equity in their portfolio and closed in less than 50 days.