TREMONT REALTY CAPITAL ARRANGED $14.5 MILLION LOAN IN NEW YORK

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RIVERHEAD, N.Y. — The Annapolis, Md., office of Tremont Realty Capital has arranged a $14.5 million loan for the refinancing of MacLeod's MHC, a 376-unit manufactured housing community located in Riverhead. The loan carries a 10-year term with a 65 percent loan-to-value ratio and a 5.95 percent interest rate. The borrower and lender were not disclosed.

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