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Obsidian Capital has sold off Cobble Hill, a 136-unit apartment community in Fort Worth. Al Silva and Ford Braly from Marcus & Millichap represented the seller, and MMCC, a subsidiary of Marcus & Millichap, arranged the acquisition financing, which amounted to $7.5 million. Terms of the 7-year loan include two years of interest-only followed by 30-year amortization and a loan-to-value of 60%. The buyers were an out-of-state family office.