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.

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    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

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