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KALAMAZOO, MICH. — Hughes Equities LLC has received $13.5 million in mortgage financing, secured by a 711-unit multifamily portfolio, for the repayment of an existing floating-rate loanm. The non-recourse 10-year loan includes a 25-year amortization schedule. The portfolio, dubbed Western Michigan Apartments, includes six multifamily complexes located in Kalamazoo, Wyoming and Kentwood, Mich. Terrace Capital Inc. provided the loan.