Business News1888 Press Release • Terrace Capital, Inc. Announces- $7.8MM Non-Recourse Multifamily Loan- Jeffrey Luxury Apartments - Columbus, OH

Terrace Capital, Inc. Announces- $7.8MM Non-Recourse Multifamily Loan- Jeffrey Luxury Apartments - Columbus, OH

Terrace Capital, Inc. Announces- $7.8MM Non-Recourse Multifamily Loan- Jeffrey Luxury Apartments - Columbus, OH

The proceeds of this $7.8MM, 75% loan-to-value mortgage was used by the borrower, JDS Development & Management, for the repayment of existing debt and equity for the acquisition of several apartment units that were previously sold when the project was originally developed as condominium.

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Terrace Capital, Inc. Announces- $7.8MM Non-Recourse Multifamily Loan- Jeffrey Luxury Apartments - Columbus, OH