Business News • 1888 Press Release • Terrace Capital, Inc. Announces- $13.50MM Non-Recourse Multifamily Loan- Western Michigan Apartments - Kalamazoo & Kent County, MI.

Terrace Capital, Inc. Announces- $13.50MM Non-Recourse Multifamily Loan- Western Michigan Apartments - Kalamazoo & Kent County, MI.

Terrace Capital, Inc. Announces- $13.50MM Non-Recourse Multifamily Loan- Western Michigan Apartments - Kalamazoo & Kent County, MI.

The proceeds of this $13.50MM, 75% loan-to-value mortgage was used by the borrower, Hughes Equities, LLC, for the repayment of existing floating rate debt, attempting to head off a rise in long term interest rates.

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