CBRE Capital Markets Arranges $15.6M Permanent Financing for Bridgeview Apartments in Tampa, FL

TAMPA, FL, Dec.  7, 2009 – CBRE Capital Markets, a Freddie Mac correspondent, has arranged acquisition financing in the amount of $15,600,000 for Bridgeview Apartments, a multi-family community totaling 348 units located in Tampa, Fla.

Community amenities include a swimming pool/spa, clubhouse, car wash area, two lighted tennis courts, and playground. 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 Bridgeview Apartments, LLC, along with his team members.

CBRE Capital Markets is consistently among the top three Freddie Mac Seller/Servicers each year and was number one for the first and second quarters of 2009. Since 2003, CBRE Capital Markets has originated over 817 multi-family transactions totaling in excess of $12.2 billion.

 In addition to the consistent high rankings of loans originated for purchase by Freddie Mac, CBRE Capital Markets has received the top Correspondent Scorecard Ranking among Freddie Mac Seller/Servicers for 2005 and 2006.


Contact:  Rachel Andreozzi, 954.745.7464, rachel.andreozzi@cbre.com