CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO SPRINGS APARTMENT ACQUISITION APARTMENT ACQUISITION

CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO CBRE ARRANGES $14.95 MILLION LOAN FOR COLORADO SPRINGS APARTMENT ACQUISITION APARTMENT ACQUISITION

Colorado Springs, CO – October 6, 2011 – (RealEstateRama) — Led by the Miami Capital Markets team in partnership with the Denver office, CBRE arranged the $14,950,000 loan for the acquisition of Cheyenne Crossing Apartments in Colorado Springs. Financed at an 80% loan-to-value ratio, terms of the loan include a 10-year term with five years interest-only. The property was purchased by Advenir@Cheyenne LLC, a Florida-based capital group for $19,150,000.

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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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