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Posted: May 10, 2010
Berns of NorthMarq Capital closes $16.4 million FHA mortgage in Alabama
Sam Berns, managing director of the Rochester office of NorthMarq Capital, closed a $16.4 million FHA mortgage for a 204-unit apartment complex. This 223(f) non-recourse FHA loan featured an 84.5% loan to value with a 35-year fixed-rate below 5%.
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