CBRE GROUP ARRANGES $37.1M IN LOANS

by admin

PANAMA CITY AND JACKSONVILLE, FLA. — CBRE Group has arranged $37.1 million in financing for three multifamily properties located in Florida. In Panama City, the company secured $23.5 million in permanent debt to refinance Eagles Landing and Enclave in Panama City on behalf of Arbor Properties, the borrower. The 10-year loan has a 30-year amortization schedule. In Jacksonville, CBRE Group arranged $13.6 million in permanent financing for the acquisition of Waterford Apartments, on behalf of Insula Properties. The 10-year loan has two years of interest-only payments followed by a 30-year amortization schedule. Glenn Housman of CBRE Group arranged the loans through Freddie Mac.

You may also like