REBusinessOnline

$19.5 MILLION IN ACQUISITION FINANCING OBTAINED FOR APARTMENT

WEST PALM BEACH, FLA. — Azalea Village has secured a $19.5 million loan for the purchase of the 384-unit Archstone Villages apartment complex from an undisclosed seller. The West Palm Beach property includes a fitness room, a pool and recreation areas. Freddie Mac funded the 10-year loan, which carries a 30-year amortization. Charles Foschini of CB Richard Ellis’ Miami office arranged the loan. Robert Given, who works in the firm’s Miami office, represented the seller in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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