TAMPA, FL– CBRE Capital Markets, a Freddie Mac correspondent, has arranged acquisition financing in the amount of $12,555,000 for Lakes of Margate Apartments, a multi-family community totaling 280 units located in Tamarac, Fla.
Community amenities include two swimming pools/spa, clubhouse, community recreation center, fitness center, playground, tennis court, and fishing pier. Terms of the fixed rate financing include a 10-year term, 30 year amortization, 75% loan to purchase price and very favorable interest rate.
Charles J. Foschini, (top right photo) vice chairman of CBRE's Debt & Equity Finance and Institutional Group located in CBRE's Miami office arranged the financing through Freddie Mac on behalf of Advenir @ Margate, LLC, along with his team members.
Contact: Rachel Andreozzi, 954.745.7464, rachel.andreozzi@cbre.com
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