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TEMPE, ARIZ. – The 276-unit San Marbeya Apartments in Tempe has received a $29-million refinance. The Class A luxury community is located at 1720 E. Broadway Road near Arizona State University.
San Marbeya is owned by The Premiere Residential Communities. The seven-year loan features a 3.85 percent interest rate. It was arranged by CBRE San Diego’s Debt & Structured Finance Group through Cornerstone RE Advisers.