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Multi-family finance package closed.


Deutsche Bank Berkshire Mortgage recently provided $13 million in FHA See Federal Housing Administration.

FHA

See Federal Housing Administration (FHA).
 financing for Parc at Clarksville, a proposed 168-unit upscale multifamily apartment project.

The financing was structured to be a 14-month construction loan and 40-year permanent fixed-rate loan Fixed-rate loan

A loan whose rate is fixed for the life of the loan.
 via The Department of Housing and Urban Development's (HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ) 221 (d)4 New Construction Mortgage Insurance Loan Program.

The project will be located in Clarksville, TN, and will consist of eight two-and three-story walk-up apartment buildings, a clubhouse building with leasing offices, a pool and playground, a maintenance building, four garage buildings and three carport CARPORT Cardiology A clinical trial–Coronary Artery Restenosis Prevention on Repeated Thromboxane-Antagonism Study that evaluated thromboxane A2-receptor blockade in preventing restenosis after PCTA in Pts with CAD.  structures.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Aug 2, 2006
Words:93
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