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Los Angeles Los Angeles

There is a lot of talk about tightening debt for certain asset classes, but if you are a strong borrow with a class-A asset, the capital stack is your oyster. AvalonBay has secured a $185 million loan to refinance a three-property multifamily portfolio. The borrower saw tremendous competition from potential borrowers and was able to secure favorable terms. Although the rate was not disclosed, the loans were 10-year fixed rate with full-term interest only.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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