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95 percent occupied. The buyer funded the deal with a $94.25 million Fannie Mae loan written by Walker & Dunlop. The five-year loan pays a rate pegged to one-month Libor plus 192 basis points and requires only interest payments during ...
95 percent leased.
The buyer assumed an existing $15.65 million mortgage on the property that pays a fixed coupon of 5.44 percent.
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