CBRE Capital Markets Arranges $36.6M Refi for Miami Multifamily

Fairway View Associates LTD and Palmetto Place Associates LTD secured a $ 36.6 million refinance loan for its Fairway View and Palmetto Place multifamily communities in Miami, Florida.

The loan, from Principal Real Estate Investors LLC, boasts a favorable interest rate with 50% loan-to-value and a 15-year amortization.

Charles Foschini, Christopher Apone and Christian Lee of CBRE Capital Markets arranged the financing.

Fairway View, located…
South Florida Commercial Real Estate News From CoStar Group