$18 MILLION LOAN ARRANGED FOR LEWISVILLE APARTMENTS

LEWISVILLE, TEXAS — Mike Ortlip of Grandbridge Real Estate Capital's Charlotte, N.C., office has secured an $18.14 million loan for the 270-unit Alta Vista Ridge Apartments in Lewisville. The original loan was refinanced under FHA Section 223(f). The 35-year loan carries a 35-year amortization period.