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City: Orange City
MonticelloAM Lends $52Mln for Fla. Apartment Property
MonticelloAM LLC has provided $52 million of short-term financing against the 298-unit Southerly at Orange City apartment property in Orange City, Fla., roughly midway between Orlando, Fla., and Daytona Beach, Fla. The three-year loan, which could be extended by up ...
Grandeville on Saxon apartments/741 Saxon Blvd.
96 percent occupied. The property backs $28.11 million of debt that's securitized through Wachovia Bank Commercial Mortgage Trust, 2006-C24.
Saxon Crossing
The property backs an $11.4 million loan that has a 4.65 percent coupon and matures on July 1, 2022.
1520 Albany Place SE
The buyer assumed about $10.8 million of mortgage debt on the property and funded the remainder of the acquisition by drawing against its line of credit. The mortgage matures in December 2026.
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