CBRE CAPITAL MARKETS ARRANGES FINANCING FOR CARRIAGE HILLS APARTMENTS IN PENSACOLA

CBRE CAPITAL MARKETS ARRANGES FINANCING FOR CARRIAGE HILLS APARTMENTS IN PENSACOLA

Pensacola, FL – December 14, 2011 – (RealEstateRama) — CBRE Capital Markets recently arranged $6.75 million in proceeds for the purpose of refinancing the debt on Carriage Hills Apartments, a 260-unit garden style apartment complex in Pensacola, Florida. Financing terms of the loan include a 10-year fixed-rate term, 30-year amortization schedule and loan-to-value of 75%. The transaction was completed on behalf of Hills Apartment Communities, LLC and the lender was Miami Beach-based Archetype Mortgage Capital.

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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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