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TAMPA, FL-Behringer Harvard obtained a Freddie Mac loan for $19.7 million, secured by a first mortgage lien on the Palms of Monterrey, a stabilized 408-unit multifamily complex in Ft. Myers. The debt financing has a seven-year term and Holliday Fenoglio Fowler LP brokered the deal. The loan bears interest , at a variable annual rate equal to one month  LIBOR plus 3.35%, with the rate guaranteed to never exceed 7%.

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