US REALTY CAPITAL ARRANGES $38 MILLION IN ACQUISITION FINANCING

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ALLENTOWN, PA. — US Realty Capital has arranged $38 million in financing for the acquisition of Cedar Crest Professional Park in Allentown. Bruce Robertson, Jr., of US Realty, arranged the loan for the undisclosed borrower. The first lien mortgage was underwritten at an annual rate of LIBOR plus 200 bps. Amortization was based on a 25-year schedule, and the first 18 months of the loan were on an interest only basis.

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