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.

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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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