The nonrecourse, 8% loan has a 10-year term and 30-yearamortization schedule. L.J. Melody immediately turned around andsold the loan to Fannie Mae.
CWS Apartment Homes is an entity of Newport Beach, CA-based CWSCapital Partners LLC. It owns 21 luxury multifamily complexes inCalifornia, Texas, Colorado, abnd North Carolina.
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