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HOUSTON — LMI Capital, a Real Estate Capital Alliance (RECA) member, has arranged an $8 million bridge loan for the acquisition of a 150-unit apartment community in the Houston area. The loan was structured with an 80 percent loan-to-value ratio and 2.5 years of interest-only payments. The financing includes proceeds to fund a capital improvement program. Brandon Brown of LMI Capital placed the loan on behalf of the undisclosed borrower. The lender and property name were also not disclosed.