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CARLSBAD, CALIF. – Cassidy Turley BRE Commercial has arranged an $11-million loan for two hotel properties. The properties are Beach View Lodge and Beach Terrace Inn, both in Carlsbad. The 41-room Beach View Lodge is located at 3180 Carlsbad Blvd. The 48-room Beach Terrace Inn is located at 2775 Ocean St. The borrower secured a 10-year, fixed rate, non-recourse loan with a 6 percent interest rate with Morgan Stanley.