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CORAL GABLES, FL-South Florida Business Journal reports that Flagler closed on a $460-million CMBS loan, securitized by Banc of America Securities. The financing, the first non-government-supported CMBS issued in the past year and a half, will cover 44 of Flagler’s office and industrial properties throughout the state.

“The execution of this financing, particularly in light of current market conditions, reflects the strength of Flagler’s real estate portfolio,” Flagler President and CEO Jose Hevia said in a news release. “This will further solidify our market leadership position throughout Florida.” Flagler chief investment officer and chief financial offers added that Flagler has completed more than $1.9 billion of financing during 2009.

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