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Back to Home » September 2012 News » Terrace Capital, Inc. Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL |
Terrace Capital, Inc. Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL |
September 15, 2012
Terrace Capital has recently arranged for a Fannie Mae guaranty on an $8.87MM, first mortgage, multifamily portfolio located in Chicago, IL.
The proceeds were used by the Sponsor, Leon Harris, for the repayment of existing debt and equity for future acquisitions. The mortgage had a 10 year[...]
Source URL: http://www.1888pressrelease.com/terrace-capital-inc-announces-8-87mm-non-recourse-multi-pr-423790.html
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