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142,000 SF Industrial Financing

142,000 SF Industrial 

No Property Performance Covenants

Location: Suburban Detroit
Loan Amount: $3,080,000
Term: 25 Years 
Amortization: 25 Years
Execution: Life Company

District Capital is pleased to announce the recent closing of a 1420,00 SF industrial building in suburban Detroit. The correspondent life insurance company provided 70% of the purchase price with no performance covenants, no escrows, and no reserves. Rate was locked at application at no additional cost for 75 days during a very volatile period of time.