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InterCapital Partners, a Houston real estate firm, is receiving $17.2 million in construction and permanent financing to build a 320-unit apartment complex along Buffalo Speedway near Loop 610.

The financing, arranged by WMF Robert C. Wilson Co., has been secured through Prudential Huntoon Paige. InterCapital plans to build the Park Lane Apartments on a 12-acre site purchased from Lakes Acquisition Ltd. The land sale was handled by CB Richard Ellis, which represented the buyer, and Colliers International, which represented the seller.

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