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LOS ANGELES—AMI Real Estate has secured a $31 million loan to refinance existing debt on Universal Lofts, GlobeSt.com reports exclusively. The 67-unit live/work loft property was originally built as a condo community, but the developer decided to lease the project during the downturn. Now, with the recovered economy, AMI has decided to sell the units, and will use the additional to maintain the property during the marketing and sales process.


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