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Douglas Emmett secures $550M refinancing

Douglas Emmett Inc. secured four refinance loans totaling $550 million through brokerage Walker & Dunlop Inc.

The brokerage structured and closed the interest-only financing in the second quarter with an all-in rate of less than 3.2%.

The loans are backed by four class A apartment assets in Los Angeles and Santa Monica, Calif., Walker & Dunlop said in a release.