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The Marquette venture funded its purchase with a $56.5 million floating-rate loan that was provided by Wells Fargo Bank and arranged by HFF. Part of the loan was set aside to cover the cost of upgrading the property.
98 percent occupied. Steadfast funded its purchase of the property with a $43.5 million loan that Berkadia Commercial Mortgage provided under Fannie Mae's Delegated Underwriting and Servicing program.
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