District Capital Arranges $7.7 Million Loan for Refinancing of Student Housing Portfolio in Michigan

Michigan — District Capital has arranged a $7.7 million loan for the refinancing of a 108-bed student housing scattered site portfolio located near an undisclosed Big Ten campus in Michigan. A life insurance company provided the 30-year loan, which features a 30-year amortization schedule. Dave Dismondy of District Capital arranged the loan on behalf of the undisclosed borrower.