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HOUSTON — Brandon Brown of LMI Capital has placed permanent agency financing for the acquisitions of two garden-style apartment complexes for the same borrower. The first transaction to close was a 10-year loan featuring two years of interest-only payments and a fixed interest rate of 4.2 percent. Proceeds totaled 75 percent of the purchase price for the 275-unit asset in the Baytown submarket. The second loan was a 10-year loan at 75 percent of the purchase price, with a three-year interest-only period and a fixed interest rate of 4.2 percent. The 270-unit complex is located in the Rosenberg suburb southwest of Houston. The buyer purchased the assets from the same seller via separate transactions.