(Read more on the debt and equitymarkets.)
ROUND ROCK, TX-A San Diego-based private investor has securedmore than $10 million by refinancing two multifamily properties inCentral Texas. Both loans have 10-year terms and a 5.65% fixed-rateinterest.
Larry Sneathern, senior vice president in the Dallas office ofPNC ARCS, a PNC Real Estate Finance company based in CalabasasHills, CA, says the borrower is an established client who has donemore than $100 million of loans with him. "Most of my clients arelong-term," he tells GlobeSt.com. "It's been a good year because ofthose relationships. It's getting to a point where so many of theproperties roll every year."
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