AMI Capital Closes $1.8 Million Acquisition Loan On Apartments in Burbank, CA.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 15, 2001 AMI Capital, Inc. closed a $1,750,000 acquisition loan on a 25-unit apartment community in Burbank, California For the community in Santa Clara County, California, see Burbank, Santa Clara County, California. For other uses, see Burbank. Burbank is a city in Los Angeles County, California, United States. As of 2004, the city had a population of 105,400. . 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) acquisition loan, with a rate of 7.39 percent, has a 10-year term with 30-year amortization. The loan-to-value was 80 percent, and loan-to-cost was 55 percent. Debt service coverage was 1.57. Occupancy at closing was 98 percent. Eric Salveson, managing director of the firm's Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. office, handled the transaction. Whitnall Regency Apartments were originally built in the 1988 and were renovated in 1999. 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, 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, Los Angeles and Phoenix. |
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