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BRAINTREE, MASS. — Wallace Capital has provided a $1.7 million acquisition bridge loan for a 20-acre site in suburban Boston to 2001 Washington Street LLC. The 19.4-acre site houses a 76,223-square-foot, two-story brick structure that was built in 1920. The building most recently served as the 79-bed Kindred Hospital Northeast. The hospital ceased operations in September 2008 and since that time the property has been vacant. The borrower used loan to purchase the property for redevelopment and plans to refinance the loan.