The proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu.
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Fannie Mae is proposing to purchase such loans from lenders on the day construction is begun. The company would then place the loan into a pool with regular mortgages for sale on the secondary market.
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Prices start from the low $600,000s and 12 will be available for sale in the first phase release. The Pavilion Showcases three floor plans of attached townhomes with sizes ranging from approximately 1.