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CBRE CAPITAL MARKETS ARRANGES $30,279,000 LOAN FOR 480-UNIT FT. LAUDERDALE APARTMENT COMMUNITY

By CBRE -

Ft. Lauderdale, FL – April 4, 2012 – (RealEstateRama) — CBRE Capital Markets closed on a $30,279,000 loan for the acquisition of San Tropez Apartments in Pembroke Pines, Florida, on behalf of the borrower, Advenir@San Tropez, LLC. Terms of the loan include a 10-year term with three years interest-only financing and a 75 percent loan-to-value ratio. The deal closed Friday, March 30.