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GAINESVILLE, FLA. — CB Richard Ellis Capital Markets Group has arranged $27.5 million in permanent financing on behalf of Glenmont Arlington Biltmore LLC for the take-out of the existing construction loan for Canopy Apartments. The complex is a newly constructed 240-unit luxury student housing community near the University of Florida campus in Gainesville. Canopy is currently 97 percent leased. The loan, arranged by CBRE's Glenn Housman, carries a 10-year term.