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FT. WAYNE, IN—Beech Street Capital, LLC has just closed a $14 million Freddie Mac CME loan that refinances Avalon at Northbrook, a 256-unit multifamily property in Fort Wayne, Indiana. Mitch Sinberg and Michael Wallace, senior vice presidents of originations in Beech Street’s Fort Lauderdale office, originated the transaction. The borrower was Elad National Properties. Through a joint venture, Elad National Properties also controls Element National Management, the property management company that manages Avalon at Northbrook.  Element manages 11,000 apartment units nationally.

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