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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