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Phillips Research Park Apartment Secures Financing

CBRE HMF Arranges US HUD 221 Loan
By Stuart Dryden
August 6, 2012 | 7:25 P.M.

Developer Phillips Development & Realty has secured financing for its proposed 292- unit apartment building complex located in Durham, NC. The $26.7 million loan was funded through CBRE HMF, using a US HUD Section 221(d)4 new construction insurance program.

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News | Phillips Research Park Apartment Secures Financing