BEACON REALTY CAPITAL ARRANGES $10.98 MILLION IN CONSTRUCTION FINANCING

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AUSTIN, TEXAS — Chicago-based Beacon Realty Capital has arranged $10.98 million in construction/mini-permanent, variable-rate financing for a medical office building located in Austin. The loan includes a 3-year term with two 1-year extensions and an interest-only component. The short-term financing was arranged with an undisclosed national bank. The borrower was not disclosed.

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