CBRE ARRANGES $23 MILLION FINANCING FOR FORT WORTH MULTIFAMILY COMMUNITY

    CBRE ARRANGES $23 MILLION FINANCING FOR FORT WORTH MULTIFAMILY COMMUNITY

    Miami, FL – June 6, 2013 – (RealEstateRama) – CBRE arranged the financing of Republic Park Vista, a 308-unit multifamily community in Fort Worth, Texas, for $23,020,000. CBRE worked on behalf of the borrower, MREF Republic, LLC, a Miami-based firm, to secure financing through Freddie Mac. The 10-year loan is partial interest only and represents a 75% loan-to-value ratio with an aggressive rate. Proceeds were used to acquire the property

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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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