Fixed-rate non-recourse loan for the take-out of construction loan for student housing

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$6,200,000
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Student Housing Apartments
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Freddie Mac
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Gainesville, Florida
6 Campus View Place

Refinancing of Recourse Bank Loan with Non-recourse Permanent Loan

Mench Real Estate Capital arranged the 10-year non-recourse fixed-rate loan for the refinancing take-out of the recourse construction bank loan. Interest rate and getting off recourse were important to the developer.

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