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09-2014 Waterford Apartments-Hickory,NC

MSI announces the closing of 223(a)7 loan on September 30, 2014. Waterford Apartments is a 189 unit Class A property located in north Hickory. A strong interest rate environment made it possible for the current owner to realize substantial debt service savings over the new 35 year term. MSI served as consultant broker on the transaction.

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