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April 30, 2020

Thayer Manca lands $27M for refi in Lacey

Local firm Thayer Manca Residential has secured a $26.8 million loan from Fannie Mae to refinance the recently purchased Callen Apartments in Lacey. A TMR partnership bought the 189-unit property two years ago for an undisclosed price, and has since invested $3.7 million in renovations. The 10-year, 2.99% fixed-rate loan includes full-term, interest-only debt service.




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