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CBRE CAPITAL MARKETS ARRANGES $8 MILLION REFINANCE FOR STUDENT HOUSING PORTFOLIO

CBRE CAPITAL MARKETS ARRANGES $8 MILLION REFINANCE FOR STUDENT HOUSING PORTFOLIO

Tallahassee, FL – January 24, 2012 – (RealEstateRama) — CBRE Capital Markets arranged an $8-million bridge loan refinance on behalf of TREO Partners LLC for a two-property student housing portfolio in Tallahassee, Florida. Terms of the loan include an 18-month loan term with interest-only financing, a 75% loan-to-value ratio with minimum DCR of 1.25 and a floating interest rate over the 30-day Libor.