Deal of the Week - June 29, 2009

A. Alan Tapie, CCIM, of Grandbridge Real Estate Capital LLC in Atlanta arranged the $21.2 million financing of a 288-unit multifamily property in North Little Rock, Ark., for Lexington Park Apartments. The fixed-rate transaction, sold to Fannie Mae, closed with an interest rate in the mid-5 percent range and carries a 10-year term with a 30-year amortization. A class A property, Lexington Park features a swimming pool, recreation area, clubhouse, parking garage, and luxury appliances.

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