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$16.8 MILLION LOAN ARRANGED FOR MULTIFAMILY PROPERTY IN GEORGIA

NORCROSS, GA. — CB Richard Ellis Capital Markets has secured a $16.8 million loan for Park Partners LLC for the refinancing of Wesley Park in Norcross. The 14-building apartment community offers 370 units and is more than 91 percent leased. The lender was State Farm Insurance Co. CBRE Debt & Equity Finance's John Farrell, Robert LaCapelle and Richard Jordan secured the loan.

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