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East Lansing Real Estate Search Resource News

Terrace Capital, Inc. Announces $11MM Non-Recourse Multifamily Loan - Motor Wheels Lofts in East Lansing, MI

The proceeds of this $10.85MM, 75% loan-to-value mortgage was used by the borrower, HH Inc. Urban Development, for the repayment of existing debt and equity for future construction projects in the region, creating well needed jobs for the city. The mortgage had a 10 year fixed term and a 30 year amortization schedule. Harry Hepler, a principal at HH Inc. Urban Development, looks forward to ...

05/08/2012

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