CBRE ARRANGES FINANCING FOR 408-UNIT APARTMENT COMPLEX

    CBRE ARRANGES FINANCING FOR 408-UNIT APARTMENT COMPLEX

    Orlando, FL – March 12, 2013 – (RealEstateRama) — CBRE announced today that it has arranged $28 million in financing for 408-unit multi-family community in Orlando, Florida. CBRE worked on behalf of Advenir@Broadwater, LLC to secure acquisition financing through Freddie Mac. The 10-year loan is partial interest only and represents an 80% loan-to-value ratio. 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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