News - 2008

 
Dorchester House Apartments, Washington, D.C.
Dorchester House Apartments
Washington, D.C.
   
    080154
Dorchester House Apartments Receives $5 Million Fannie Mae DUS® Supplemental Financing

Columbus, Ohio, April 8, 2008 — Red Mortgage Capital, Inc., one of the nation’s leading Fannie Mae DUS® lenders, and the mortgage banking entity of comprehensive capital provider RED CAPITAL GROUP, recently provided a $5,000,000 Fannie Mae DUS supplemental financing for a historic property in Washington, D.C.

A Washington landmark, Dorchester House Apartments, constructed in 1941, is a 9-story mid-rise building containing 395 efficiency, one- and two-bedroom units. Throughout the years, Dorchester House has had many prominent residents, most notably, John F. Kennedy, who occupied room No. 502 from October 1941 to January 1942.

David L. Goodman, Chairman of Red Mortgage Capital, Inc., said, "John Hoskinson, Key Principal, was as always a delight to serve. He contributes reliability and creativity to the real estate industry."

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DUS® is a registered trademark of Fannie Mae.
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