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LOS ANGELES, CA-Owner FSC Kingsley Associates/FSC Realty obtained $7.23 million in financing from Archon Financial for the refinancing of the 103-unit Kingsley Apartments, according to Holliday Fenoglio Fowler, which arranged the financing.

Dan Bryson of the Dallas office of Holliday Fenoglio Fowler says the loan is for 10 years at a fixed rate from Archon, which is a conduit lender.

Kingsley Apartments is at 333 S. Kingsley Ave. in the Wilshire Center district of Los Angeles. Bryson says the property, which was built in 1985 and recently was renovated, was 98% leased at the time of the sale.

Borrower FSC Realty is a privately held owner and operator of apartments, shopping centers, and office buildings. The company and its predecessors have been involved in over $1.5 billion of real estate transactions. Holliday Fenoglio Fowler has capitalized commercial real estate debt, equity, structured finance and investment sales transactions of nearly $57 billion.

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