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Terrace Capital, Inc. Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL.

Terrace Capital, Inc. Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL.

Submitted by • September 15, 2012 www.1888pressrelease.com

1888PressRelease - The proceeds were used by the Sponsor, Leon Harris, for the repayment of existing debt and equity for future acquisitions. The mortgage had a 10 year fixed term, a 4.20% rate and a 30 year amortization schedule and was collateralized by five multifamily complexes.

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