$24.07 MILLION LOAN RECEIVED FOR RALEIGH APARTMENT COMPLEX

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RALEIGH, N.C. — The 320-unit Summermill at Falls River apartment complex has received a $24.07 million refinance loan. The Class A property, which was built in 2002, is located at 10311 Falls Mill Dr. in Raleigh. Using HUD’s 223a7 program, the loan’s amortization was extended back to the loan’s 40-year term. Elizabeth Conahan of Walker & Dunlop originated the loan.

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