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ATLANTA-A $33.3-million financing transaction has helped the owner of Bryson Square at City Park Apartments recapture half of the equity invested in the 453-unit property. A pension fund acquired the apartment complex in February in an all-cash deal.

"Sometimes an owner will pay all cash so deal can go through quickly," a spokesperson for CharterMac Mortgage Capital, which provided the financing, tells GlobeSt.com. The loan was funded through Fannie Mae and carries a 5.65% interest rate with a 10-year, interest-only term.

Located at 225 26th St. NW, Bryson Square is a class A property constructed in 2005 and comprised of eight four- and five-story buildings, a clubhouse with business center, exercise facility, pool, spa and grilling areas. The complex contains efficiencies to three-bedrooms units ranging in size from 560 to 1,800 sf with rents starting at $950. Farmington Hills, MI-based Village Green Cos. manages the property.

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