AMI Capital Closes $1.6 Million Loan On Apartments In NE Washington D.C.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--March 15, 2001 AMI Capital, Inc. closed a $1,615,000 refinance loan on a 45-unit apartment community in northeast Washington D.C. The Fannie Mae Fannie Mae: see Federal National Mortgage Association. DUS DUS Driving Under Suspension (criminal charge) DUS Dwelling Unit (real estate) DUS Dynamic Underground Stripping DUS Dusseldorf, Germany - Dusseldorf (Airport Code) loan, with a rate of 7.70 percent, has a 10-year term with 30-year amortization. The loan-to-value was 79.80 percent. Debt service coverage was 1.27. The transaction was handled by Senior Vice President Carroll Kisser in the firm's Bethesda headquarters. The Dakotas Apartments, located at 5543-5549 South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). Avenue NE in Washington D.C., was built in 1965 and last renovated in 1996. The property consists of four three-story garden-style buildings made of wood frame with brick exterior. The property includes a common area and laundry facility. Unit amenities include private balconies/patios, updated kitchens with new appliances and garbage disposals, updated bathrooms and new carpet. AMI Capital is a nationwide mortgage lender focusing on loans for multifamily housing communities, office buildings, luxury hotels, industrial properties, retail centers and senior housing. Since its inception in 1990, AMI Capital's portfolio has grown to more than $1.7 billion. Headquartered in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from , AMI Capital's product line consists of Fannie Mae DUS, FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). and commercial programs, including conduits and life insurance financing products. AMI Capital's regional offices are located in Alexandria, VA, Atlanta, Columbus, OH, Denver, Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Los Angeles and Phoenix. |
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