FANNIE MAE FINANCES $29 MILLION LOAN FOR ATLANTA APARTMENTS

ATLANTA — Post Properties has secured a 5-year, $29.3 million mortgage loan with Fannie Mae for the 276-unit Post Biltmore apartment complex, located at 855 W. Peachtree St. in Atlanta. The loan, which requires fixed interest-only payments of 5.83 percent, matures in September 2013. Post owns 35 percent of the property in an unconsolidated joint venture.