CBRE ARRANGES $7.5 MILLION REFINANCING FOR MEDALLION CORPORATE PARK IN WESLEY CHAPEL, FLORIDA

    CBRE ARRANGES $7.5 MILLION REFINANCING FOR MEDALLION CORPORATE PARK IN WESLEY CHAPEL, FLORIDA

    Tampa, FL – March 21, 2013 – (RealEstateRama) — CBRE announced today that is has closed on a $7.5 million refinance loan on Medallion Corporate Park, an office building located in Wesley Chapel, Florida on behalf of the owner, Medallion Sites, LLC. CBRE was instrumental in coming up with a structure that provided efficient refinancing which allowed Medallion Sites, LLC to take advantage of a low fixed interest rate of 4.36% for a 10-year term with a LTV of 68% from a CMBS lender.

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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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