ACQUISITION LOAN SECURED FOR AUSTIN APARTMENTS

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AUSTIN — Andy Hill of Berkadia Commercial Mortgage has arranged a $10.52 million acquisition loan for Dove Valley Ranch. The 248-unit apartment complex is located on 13 acres near the South Texas Medical Center in Austin. The 196,000-square-foot property is 96 percent occupied. Freddie Mac funded the floating-rate loan, which carries a 30-year amortization.

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