Fannie Mae Credit Facility Addition

$150,000,000 Three Assets in Three States

Location: Grand Rapids, MI
Loan Amount: $150,000,000
Term: 10 Years 
Amortization: Full-Term Interest Only 
Execution: Agency

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.