Steve Prochnow

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    Arrimus Capital financed the acquisition of the 498-bed property with a nearly $25 million Freddie Mac loan originated by Walker & Dunlop.

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    Chaucer Creek Capital, Richardson Properties and Kassinger Development Group will use the loan to refinance Audubon Place, a 342-unit property in Arden.

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    The portfolio encompassed 639 units across Gainesville, North Redington Beach, Pasadena and Daytona Beach. Berkadia worked on behalf of the seller and originated loans for the new owners.

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