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Bridge Investment Group has provided a $48.3 million loan to help fund GVA's acquisition. NKF Capital Markets brokered the deal and arranged the debt. The property, Cobalt Springs Apartments, had been encumbered by a $38 million Freddie Mac loan that ...
97 percent occupied. The property backs an $18.5 million loan that's securitized through FREMF, 2012-K23. The debt pays a 4.02 percent coupon and matures in July 2022.
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