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The buyer lined up $7.75 million of debt from Arbor JPM Funding for its purchase.
fully leased. Valley National Bank provided $9.2 million of debt for the purchase.
Avenue Bank provided $8.5 million for the purchase.
The property, which is 93.3 percent occupied, had backed $58 million of debt that was securitized through CD, 2005-CD1. The debt was moved to the deal's special servicer, LNR Partners, in May 2010, and foreclosure had been initiated in February ...
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