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AUSTIN, TEXAS — Johnson Capital has secured $11.7 million in acquisition financing for Cascades Apartments, a 198-unit multifamily complex in Austin. Located at 1221 Algarita Drive in the Travis Heights neighborhood and just one block west of I-135, the 15-building property was originally built in 1971. Jason Pumpelly of Johnson arranged the loan through a regional bank. The sponsor, Firmus Equity Partners, acquired the property with plans to renovate both unit interiors and building exteriors.