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CBRE ARRANGES $10.4 MILLION REFINANCING FOR MULTI-FAMILY PROPERTY IN POMPANO BEACH, FLORIDA

CBRE ARRANGES $10.4 MILLION REFINANCING FOR MULTI-FAMILY PROPERTY IN POMPANO BEACH, FLORIDA

Miami, FL – March 20, 2013 – (RealEstateRama) — CBRE announced that it has successfully completed the refinancing of Palm Island Apartments, a 402-unit, multifamily community located at 401 NW 34th Street in Pompano Beach, Florida. CBRE sourced and arranged for the $10.4 million refinancing with a fixed interest rate below 4% for a 10-year term on behalf of the owner, Sample APTS, LLC, based in Sunrise, Florida.