District Capital closes $7 million loan for 140-bed student-housing property at Detroit university

The loan was closed through a life insurance company correspondent and included a 30-year amortization, locked rate at application, no escrows, no loan covenants, and partial recourse to the sponsors.

https://rejournals.com/district-capital-closes-7-million-loan-for-140-bed-student-housing-property-at-detroit-university/

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