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CHAPEL HILL, N.C. — Charlotte, N.C.-based Medalist Capital has arranged $36.5 million in debt for the 716-unit Granville Towers, a University of North Carolina student housing property located at 125 W. Franklin St. in Chapel Hill. Don Williams, Bat Barber and Mary Neill Hagood of Medalist Capital arranged the long-term, fixed-rate loan through Aviva Investors North America on behalf of the borrower, The University of North Carolina at Chapel Hill Foundation. The Foundation has partnered with Atlanta-based Cousins Properties to start the redevelopment of the University Square portion of the project, which will include more than 500,000 square feet of retail, office and residential units upon completion.