RealEstateRama   -   Site   -   in News   -   in Media   -   in Social   -   Web
CBRE CAPITAL MARKETS ARRANGES $5 MILLION IN FIXED FINANCING FOR THE GREEN COMPANIES

CBRE CAPITAL MARKETS ARRANGES $5 MILLION IN FIXED FINANCING FOR THE GREEN COMPANIES

Hialeah, FL – December 21, 2011 – (RealEstateRama) — CBRE Capital Markets in Miami secured $5 million in fixed financing on behalf of The Green Companies, a family-owned real estate development firm based in Miami. The terms of the loan, for the Green Vista Apartments in Hialeah, include a 30-year amortization schedule, a maximum 75% loan-to-value and minimum DSCR of 1.25x. The proceeds were used to acquire 100% interest in the property from their partner who developed the building with The Green Companies in 1997.