High-leverage, Senior Housing Construction Loan

$12,800,000 High-leverage, Senior Housing Construction Loan

Location: Van Buren, MI
Loan Amount: $12,800,000
Term: 2 year term plus 5 year mini-perm
Amortization: Interest Only into 25 yr Amortization
Execution: Bank and Pace

District Capital is pleased to announce this recent closing. We acquired two funding sources to bring the overall leverage to 80 % LTC at an attractive interest rate.