• 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
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