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      "text": "Capital Structure\nClosed on June 10, 2022\nSummit owns 90% of joint venture\nCapitalization for $89 million of total consideration includes:\n$47 million mortgage loan, interest rate of L+300, and February 2025 maturity date\nSummit's $38 million equity requirement funded by converting its $30 million mezzanine loan to equity and $8 million of additional cash\nDeveloper remains a 10% joint venture partner",
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