KNOXVILLE, TN-Sutter Mill Apartments and Meadowood Apartments have secured refinance loans totaling $10.87 million through the FHA program. The multifamily properties inked 35-year terms at a 4.63% interest rate in a low-vacancy Knoxville apartment sector.

Tammy Tate, vice president of Love Funding, a mortgage banking firm in Knoxville , secured financing for both loans 15 days after submitting the loan packet. Tate closed a $5.44 million loan for Sutters Mill Apartments, a 252-unit complex, and a $5.44 million loan for Sutters Mill, a 235-unit complex.

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