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Apartments | Pensacola |michaelson Group |hallmark Companies

by therealdeal.com posted 10months ago 108 views
A Jacksonville-based firm financed its $22 million acquisition of a Pensacola apartment complex with a 12-year Freddie Mac loan. Michaelson Group of Jacksonville paid $84,615 per unit for Carriage Hill Apartments in Pensacola. The Hallmark Companies of Atlanta was the seller of the 260-unit apartment property, built in 1972. Michaelson Group financed its acquisition with a $16.5 million, fixed-rate Freddie Mac loan with a 12-year term, including six years of interest-only payments. Carriage Hill Apartments, located ... [more]

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