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The lenders, which own 21st Century’s $376.3 million of 9.875 percent subordinated bonds due april 2017 agreed to provide $17.5 million of term loans, the Fort Myers, Florida-based company said in the.
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Berkadia has arranged $38.2 million in acquisition financing for the $55 million purchase of Fountains at Forestwood, a 397-unit multifamily community in Fort Myers, Fla. fixed-rate Freddie Mac.
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