CBRE ARRANGES FINANCING FOR 408-UNIT APARTMENT COMPLEX

Orlando, FL – March 12, 2013 – (RealEstateRama) — CBRE announced today that it has arranged $28 million in financing for 408-unit multi-family community in Orlando, Florida. CBRE worked on behalf of Advenir@Broadwater, LLC to secure acquisition financing through Freddie Mac. The 10-year loan is partial interest only and represents an 80% loan-to-value ratio. Proceeds were used to acquire the property.