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MIDDLETOWN, DEL. – Green Park Financial has provided a $12.5 million loan for the refinancing of Middletown Apartments, a 156-unit multifamily community located in Middletown. The property comprises 12 buildings, and was 90 percent occupied at the time of closing. The loan carries an 80 percent loan-to-value ratio with a 1.20x debt-service coverage. The loan was originated by Kevin Collins of Carey, Kramer, Pettit & Panichelli. The borrower was not disclosed.