District Capital Secures $7.7M Loan For Senior Housing Portfolio In Ann Arbor

The senior housing property located at 1308 Geddes Road in Ann Arbor, Michigan, consists of 108 beds. District Capital successfully secured a $7.7 million loan with a 30-year term and a 30-year amortization schedule for the refinancing of this student housing scattered site portfolio on a Big Ten campus in Michigan. The loan was facilitated by Dave Dismondy from District Capital on behalf of the undisclosed borrower.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $7,700,000
• Address: 1308 Geddes Road
• Market: Ann Arbor, Michigan
• Broker: Dave Dismondy - District Capital
• Loan Terms: 30-year term with a 30-year amortization schedule

The loan for the senior housing property was secured by District Capital, with Dave Dismondy playing a crucial role in facilitating the deal with a life insurance company. The borrower's identity remains undisclosed in this transaction.