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Viking Capital has acquired Villas at Sundance, a 252-unit community in New Braunfels, Texas, near San Antonio, for $37.5 million. NMS Property Services previously owned the property, according to Yardi Matrix data. Black Oak Capital provided a $24.2 million acquisition loan for the value-add asset. The note carries a fixed 5.70 percent interest rate, bearing an amortizing period of 30 years with interest-only payments for 24 months.