The loan was a Fannie Mae mortgage provided through Seattle-based Eichler Fayne & Associates. The interest rate was locked in at 7.85% with a term of seven years based on a 30-year amortization. The borrower is a group of private investors based in Michigan.
Hayman is a privately owned real estate company which owns and operates property in 12 states, specializing in the ownership and management of apartments, offices and hotels.
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