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STAMFORD, CT-Cassidy Turley said Monday it had arranged first-mortgage financing for the LockWorks at Yale & Towne, a 329-unit multifamily property at the Harbor Point mixed-use development. Wafra Investment Advisory Group, a US company owned by a Kuwaiti agency, had bought the rental complex from developer Building & Land Technology for a reported $130 million this past December. 

Noble Carpenter, executive managing director at Cassidy Turley, represented Wafra on behalf of an institutional in arranging the $84.5-million, 10-year, fixed-rate financing package with lender HSBC. The fully stabilized, six-story apartment complex was completed in 2011.

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