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LA QUINTA, CALIF. — The 223-unit Mediterra Apartments in La Quinta has recieved $21 million in acquisition financing. The community is located at 43-100 Palm Royale Drive. The loan features a 10-year term, two years interest-only and a 30-year amortization schedule. Financing was arranged by Robert R. Hervey of NorthMarq Capital. The transaction was co-brokered with Troy Tegeler of CBRE Capital Markets.