$20 MILLION LOAN ARRANGED FOR MARYLAND APARTMENTS

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LAUREL, MD. — Charlie Mentzer of Walker & Dunlop has secured a $20.20 million acquisition loan for the 220-unit Spring House Apartments in Laurel. The property, which was built in 1986, is 92.3 percent occupied. The 10-year loan carries a 30-year amortization schedule and a 78.3 percent loan-to-value ratio. John Street of Allied Mortgage & Realty Corp. originated the loan.

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