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PHOENIX – The 214-unit Palazzo Townhomes has obtained a $16.3-million loan to replace its existing loan, which was scheduled to mature this year. The long-term, fixed-rate loan was arranged by CBRE Capital Markets Debt & Equity Finance team with Fannie Mae at a competitive interest rate through its Delegated Underwriting and Servicing (DUS) platform. The financing was secured by CBRE’s Rocco Mandala, Brad Miner and Brett Behnke. Mandala also secured the original financing when the property was acquired in 2004. The borrower was a tenant-in-common real estate investment group led by Carolyn Kutzke of Signature Properties.