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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.