AMI Capital Closes $3.1 Million Bridge Loan On Tarpon Springs Apartments.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--April 6, 2000 AMI Capital, Inc. closed a $3,100,000 bridge loan on a 106-unit apartment complex in Tarpon Springs, Florida Tarpon Springs is a city in Pinellas County, Florida, United States. The population was 21,003 at the 2000 census. According to the U.S. Census Bureau's 2004 estimates, the city had a population of 22,554. . AMI Capital provided a variable-rate bridge loan for Cornerstone Apartments for 18 months interest only. Loan-to-value was 73.8 percent. The loan closed on March 30, 2000. The apartment complex, built in 1975, was renovated in 1999. Amenities include gated access, a swimming pool with deck and a playground. AMI Capital is a nationwide mortgage lender focusing on loans for multifamily housing complexes, office buildings, industrial properties, retail centers and senior housing. Since its inception in 1990, AMI Capital's portfolio has grown to more than $1.5 billion. Headquartered in Bethesda, Maryland, AMI Capital's principals include ULLICO ULLICO Union Labor Life Insurance Company Inc., whose assets exceed $3 billion. The firm's product line consists of 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) , 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, Atlanta, Columbus, Denver, Kansas City, Los Angeles and San Francisco. |
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