CBRE Arranges $49.1M in Financing for Four-Property Multifamily Portfolio in Tallahassee

TALLAHASSEE, FLA. — CBRE Capital Markets has secured $49.1 million in permanent financing for a four-property, 630-unit multifamily portfolio in Tallahassee. The properties in the refinancing include the 104-unit Arbor Station II, the 132-unit Azalea Place, the 274-unit Arbor View and the 120-unit Eagles Landing. Glenn Housman of CBRE’s Orlando office arranged the financing on behalf of the borrower, Arbor Properties Inc. The financing included four separate non-recourse loans originated via CBRE’s Fannie Mae DUS program. The loans featured 10-year terms and fixed interest rates below 4 percent.