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The top outer borough loans in August were all about Brooklyn and the Bronx. The company is planning to build a 13-story, 108-unit apartment building on the site that would span about 70,000 square.
The loans will be priced at a range of between 11.5 percent. The Riverbank Apartments and Cascadia Apartments (Nairobi).
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For 2019, the average commercial real estate loan interest rate ranges from approximately 4% to 5%. Find out more about what the average commercial real estate loan rates are for different types of loans and projects.