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CONCORD, CALIF. — NXT Capital has funded a $29 million first-mortgage loan for the acquisition of Summit at Lime Apartments, a Class B apartment community in Concord. The name of the borrower was not released.
The community features 120 apartment units, a swimming pool, fitness center, two outdoor barbecue areas and a dog park.
Annie Rice of CBRE’s Los Angeles office placed the loan with NXT Capital.