News - 2008
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080724
RED Provides Fannie Mae DUS® Refinancing in Cincinnati, Ohio
Carriage Station Townhomes
Cincinnati, Ohio
Columbus, Ohio, January 15, 2009 — 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 $3,000,000 in Fannie Mae DUS permanent financing to Sundance Property Management, Inc. for the refinancing of Carriage Station Townhomes, a market rate rental property.
Located in Cincinnati, Ohio, Carriage Station Townhomes consists of eight two-story buildings containing 64 two- and three-bedroom townhouse units.
Sundance Property Management, Inc. specializes in the acquisition and management of investment properties throughout the Midwest. Founded in 1993, today Sundance owns and/or manages 32 real estate properties, including 2,700 apartment units in three states. Sundance Property Management, Inc. is a general partner or managing member of a majority of these properties.
Andrew T. Warnock, Assistant Vice President of Red Mortgage Capital, Inc., said, "This was Red Capital's first transaction with Sundance Property Management. We are excited to begin a long-lasting relationship with Russ Kornman and his team at Sundance. Their attention to detail helped create a smooth and timely closing prior to the New Year."
