PROJECT OVERVIEW
- In 2018, Centennial refinanced the project under the 223(f) program for $1,080,200.
- The project is one- and two-story buildings with 72 total units.
- The refinance allowed the project to payoff its existing debt, make the necessary repairs, and replenish the replacement reserve account to insure the property’s continued success.
- Project Name St. James Cooperative
- Project Location Detroit, MI
- Loan Amount $1,080,200
- Originator Hugh Jeffers
- Year Built 1954
