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Press Release
Feb 20, 2013
Terrace Capital, Inc. Announces- $7.8MM Non-Recourse Multifamily Loan- Jeffrey Luxury Apartments - Columbus, OH.
The proceeds of this $7.8MM, 75% LTV mortgage was used by the borrower, JDS Development & Management, for the repayment of existing debt and equity for future acquisitions.
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Press Release
Sep 11, 2012
Terrace Capital, Inc.- Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL
Terrace Capital has recently arranged for a Fannie Mae guaranty on an $8.87MM, first mortgage, multifamily portfolio located in Chicago, IL
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