Fixed-rate non-recourse loan to take-out construction loan for student housing
$8,200,000
Student Housing Apartments
Fannie Mae
Gainesville, Florida
Refinancing/Take-out of Recourse Construction Loan
Mench Real Estate Capital arranged the fixed-rate non-recourse loan with Fannie Mae for the take-out refinancing of the construction loan. Proceeds and getting a non-recourse loan were important to the investors.