Location: Chesterfield, MI
Loan Amount: $10,000,000
Term: 3 Years
Amortization: Interest Only
Aggressively Priced Bridge Loan
District Capital is pleased to announce the recent closing during the Covid-19 crisis. The loan was a massive cash-out with a lender providing both the upfront bridge loan and the exit HUD execution. The term sheet was issued before the pandemic, and the lender closed on all the terms as identified upfront. The loan was shopped to a large but targeted audience, and this lender was +100bp inside the next cheapest option.