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HOUSTON — Longview, Texas-based Deason Financial Group has arranged $2.2 million in bridge financing for the acquisition of a 164-unit, Class C multifamily community located in Houston. The property is situated on 4.1 acres and had recently been put under foreclosure. The borrower is an out-of-state party satisfying a 1031 exchange. The Texas-based lender provided financing with a 24-month term and interest-only payments. The loan has a draw feature for improvements to the property, and loan take-out will come from permanent agency financing.