AMI Capital Closes $7.5 Million Apartment Loan in Oklahoma.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Jan. 4, 2001 AMI Capital closed a $7,473,000 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 on a 305-unit age-restricted facility located in downtown Tulsa, Oklahoma Tulsa is the second-largest city in the state of Oklahoma and 45th-largest in the United States. With an estimated population of 382,872 in 2006,[1] it is the principal municipality of the Tulsa Metropolitan Statistical Area, a region of 897,752 residents projected to . The loan rate was 8.0 percent. The 15-year term loan, with a 30-year amortization, has a 15-year yield maintenance. Loan-to-value was 89.5 percent and debt service coverage was 1.15. Investment Director Mary Dee Clancy, located in the firm's headquarters 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 , originated the transaction. Ms. Clancy worked on behalf of a new borrower at AMI Capital. Woodland Manor Apartments was built three years ago and had 97.3 percent occupancy at closing. Property amenities include two swimming pools, a clubhouse and covered patio with grill. Senior citizens needing assistance have access to a service coordinator and a shuttle van to and from nearby commercial districts. The facility has a laundry room, and each apartment has a connection for its own washer/dryer. AMI Capital is a nationwide mortgage lender focusing on loans for multifamily housing communities, office buildings, 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 principals include ULLICO ULLICO Union Labor Life Insurance Company Inc., whose assets exceed $3 billion. The firm'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. AMI Capital's regional offices are located in Alexandria, VA, Atlanta, Columbus, OH, Denver, Kansas City, Los Angeles and Phoenix. |
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