Maury L. Carter & Associates Closes Over $143 Million in Florida Land Deals Since 2012

Maury L. Carter (left) and Daryl Carter

 ORLANDO, FL -- Maury L. Carter & Associates, Inc. is pleased to announce the following commercial transactions:

Daryl M. Carter, Trustee of Carter-Lake Hart Land Trust, sold approximately 11 acres on the east side of Narcoossee Road in Orange County, Florida. The property was sold to Lake Hart Storage, LLC for $1,782,720. Daryl M. Carter represented the seller, and Stan Pietkiewicz represented the buyer.

Daryl M. Carter, Trustee of Carter-Flagler US 1 Matanzas Land Trust, purchased approximately 19 acres on US 1 in Flagler County, Florida. The property was acquired from Florida Landmark Communities, LLC for $1,800,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. and Jeffrey R. Douglas with Douglas Property & Development, Inc. represented the buyer, and Palm Coast Holdings, Inc. represented the seller.

John Reich

Daryl M. Carter, Trustee of Carter-Orange 67 Hwy 441 Land Trust, purchased approximately 67 acres on Hwy 441 in Apopka, Orange County, Florida. The property was acquired from Florida Bank of Commerce for $825,000. Daryl M. Carter with Maury L. Carter & Associates, Inc. represented the buyer, and John Reich with Reich Properties represented the seller.

          

Joe McKinney with Maury L. Carter & Associates, Inc. represented the seller in the $625,000 sale of 1.14 acres on North Hancock Rd in Lake County. Clint Murphy with Murphy Land and Retail Service represented the buyer in the transaction.

Daryl M. Carter with Maury L. Carter & Associates, Inc. represented Chester C. Fosgate Company in the $3,100,000 sale of 3 commercial parcels at the intersection of Progress Blvd and Falkenburg Rd in Tampa, Florida. The parcels totaling 30.75 acres, were sold to Sadyne Investments, LLC. Florida Executive Brokers, LLC represented the buyer in the transaction.

Since January of 2012, Maury L. Carter & Associates, Inc. has completed over $143,000,000 in transactions on 15,178 acres of land.

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years’ experience in real estate investments and brokerage.

For a complete copy of the company’s news release, please contact:

Maury L. Carter & Associates, Inc.

3333 S. Orange Avenue, Suite 200, Orlando, FL 32806

407-422-3144

www.maurycarter.com

Stepp Commercial Completes $2.5 Million Apartment Property Sale in Santa Monica, CA

Kimberly Roberts Stepp

Santa Monica, CA, Aug.10, 2015 – Stepp Commercial, a leading multifamily brokerage firm in the Santa Monica market, has completed the $2.5 million sale of fully occupied, six-unit apartment property located at 1820 12th St. in Santa Monica.

Kimberly Roberts Stepp, principal with Stepp Commercial, represented the seller, a Los Angeles-based private investor. 

The buyer, Los Angeles-based 126 Company, was represented by MYI, Inc. The closing cap rate was an extremely low 3 percent and a per-unit price of $417,000.

Built in 1973, the property includes one, three-bedroom unit; and five, two-bedroom units.

“This property presented the buyer with an opportunity to reposition and add value to the asset which is situated on a quiet, tree-lined street that is undergoing a favorable amount of revitalization,” said Stepp.

“There are new condo developments that recently completed across the street and next door to this asset. This bodes well for property appreciation, as more capital flows into this well-located neighborhood.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

949.278.6224

HFF secures $14.25 million financing for 131-unit multi-housing property in suburban Denver, CO

Josh Simon

DENVER, CO, Aug. 10, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $14.25 million in financing for the Phenix at Infinity Park II, a 131-unit, newly-renovated multi-housing property in Glendale, Colorado.

Working on behalf of Slipstream Properties of Glendale, Colorado, HFF placed the five-year, 4.36 percent, fixed-rate loan with two years interest only, followed by a 30-year amortization schedule with a CMBS lender.

 Loan proceeds were used to refinance the borrower’s acquisition and renovation bank loan, and to recapture a significant portion of its initial equity.

The Phenix at Infinity Park II is located at 4747 East Mississippi Avenue and 1001 South Dahlia Street approximately five miles southeast of downtown Denver.

 The HFF debt placement team representing the borrower was led by Josh Simon.

“The capital markets were very responsive to this financing request given the sponsor’s strong track record and the extensive investment in renovations at the property,” said Simon.  “We were able to accomplish the borrower’s goal of recapturing a majority of their equity despite a limited stable operating history.”

Peter Eklund with Slipstream Properties added, "Working with HFF enabled us to evaluate the full spectrum of debt offerings and select the one, which satisfied the bulk of our priorities.  The HFF team worked on our behalf to ensure a smooth close on a complex transaction."

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046

Berger Commercial Realty Brokers Close Sale of Court Park in Fort Lauderdale, FL for $960,000

Judy Dolan

FORT LAUDERDALE, FL (August 10, 2015) - Berger Commercial Realty brokers Judy Dolan and St. George Guardabassi recently facilitated the sale of a 3,440-square-foot free-standing office building located at 212 SE 8th S. in Fort Lauderdale.

Dolan and Guardabassi represented Court Park, Inc. in the sale of the property for $960,000 to Jerome Koomen of New River Executive Center, LLC.

Koomen functions as managing partner and advertising director of JWK Media Group and plans to use the building as a workplace for the print and digital advertising sales firm, which focuses on the pharmaceutical, insurance and financial industries.

Located on a 14,000-square-foot lot within walking distance of the Broward County Court House, the property features onsite parking, two HVAC units, accordion storm shutters on windows and multiple offices in varying sizes and layouts.

 It is situated in central downtown Fort Lauderdale between Andrews Avenue and S.E. 3rd Avenue with convenient access to US1, State Road 84, S.E. 17th Street, Davie Boulevard and Broward Boulevard. 

For a complete copy of the company’s news release, please contact:

954-776-1999

Lexi Robinson, ext. 255, lrobinson@piersongrant.com

Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Arbor Appointed as Freddie Mac’s Latest Seniors Housing Lender

Ivan Kaufman

UNIONDALE, NY (Aug. 10, 2015) – Arbor Commercial Mortgage, LLC, a national, direct commercial real estate lender, today announced that is has been appointed as Freddie Mac’s newest Seniors Housing Lender.

  

“We are pleased to be able to partner once again with Freddie Mac, and this time as its newest seniors housing lender,” said Ivan Kaufman, Arbor’s Chairman and CEO.

 “With this loan product, we have significantly elevated our growing Seniors Housing and Healthcare Financing group and established it as one of the leading and most comprehensive sources for financing in the industry.

“This latest announcement also reflects a rapidly growing relationship between Arbor and Freddie Mac, one that began only 15 months ago with our Freddie Mac Program Plus® Seller/Servicer and then our Freddie Mac Small Balance Loan approval.

“We look forward to building upon the momentum our new partnership with Freddie Mac has produced and delivering the best financing solutions available for our clients.”

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

costrowski@arbor.com