District Capital

District Capital closes $153 million acquisition loan for Michigan borrower

Kevin Kovachevich of District Capital arranged a $153.2 million acquisition loan for a Michigan borrower as part of a Fannie Mae credit facility. The senior…

District Capital closes two loans for 450-unit apartment community in Cincinnati

District Capital recently secured two fixed-rate loans for a 450-plus-unit multi-phased Class-A apartment community in Cincinnati, Ohio. Saher Hadi, from District Capital's Indianapolis office, negotiated and closed these loans for each phase of the project with two different lenders, delivering a…

District Capital closes $9.54 million bridge loan for Michigan self-storage facility

Michael Lemon with District Capital closed a $9.545 million bridge loan with a correspondent life insurance company. The loan is being utilized by the borrower…

District Capital provides financing for multifamily property in Royal Oak

Justin Hollis with District Capital closed an agency loan on a multifamily property in Royal Oak, Michigan. The $2.1 million non-recourse loan provided aggressive terms…

District Capital closes $20 million loan for flex industrial property in Southeast Michigan

Dave Dismondy with District Capital closed a $20 million loan on a 240,000-square-foot flex industrial/R&D facility in Southeast Michigan. The correspondent life insurance company loan…

District Capital provides acquisition financing for 40-unit apartment building in Michigan

Mike Lemon and Jon Potvin of District Capital arranged acquisition financing for Gardentown Apartments, a 40-unit community in Wyoming, Michigan. The financing was placed with…

District Capital provides 95% of capital for acquisition of 129-unit apartment building in Michigan

Mike Lemon with District Capital arranged 95% of the capital on the acquisition of a 129-unit apartment community in Riverview, Michigan. The debt was placed…

Detroit’s District Capital pro closes 10 loans in May and June with correspondent life insurance companies

Dave Dismondy with Detroit's District Capital closed 10 loans totaling $21 million in May and June with correspondent life insurance companies. District Capital has a…

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

Michael Lemon with District Capital placed a $7million loan on a 140-bed student housing property at Wayne State University in Detroit. The loan was closed…

District Capital closes $3.15 million loan for Michigan neighborhood center

Dave Dismondy with District Capital closed a $3.15 million loan on a 31,500-square-foot neighborhood center in a tertiary market in Michigan. The correspondent life insurance…

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