The Sandia Crossing developer, whose identity is not available,has taken an 18-year loan amortized on a 30-year schedule. Itcarries an 8.24% interest rate, according to Uniondale, NY-basedArbor Commercial Mortgage LLC, which originated the financingpackage. Terri Anderson in Arbor's Dallas office has completed thefinancing package.

Sandia Crossing is a recently completed project that has beenaided by the issuance of low-income housing tax credits by theTexas Department of Housing and Community Affairs. The CaldwellCounty complex is situated in a town that has a population of 5,236and is located in a well-recognized oilfield region, south ofAustin.

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