NAI BLUESTONE ARRANGES $3.85 MILLION FANNIE MAE LOAN

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PHILADELPHIA — NAI Bluestone Real Estate Capital has arranged $3.85 million in permanent financing for a Philadelphia apartment community. Wood Norton Apartments is a historic building containing 24 units that is located in the city's Mount Airy submarket. The non-recourse loan carries a 10-year term with a fixed interest rate below 5 percent. The lender was Fannie Mae and the borrower was Nolen Properties.

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