The Dallas office of Lend Lease Real Estate Investments' Freddie Mac program, is providing the funding at an under-7% interest rate for an unidentified pension fund advised by Chicago-based LaSalle Investment Management Co.
Joseph N. Hevey Jr., senior director, Holliday Fenoglio Fowler, Dallas, brokered the transaction. He would not disclose the actual interest rate. In a prepared statement, Hevey says the funding proposal "drew interest from several top lenders."
The property is at 9900 Sheridan Street in Pembroke Pines, FL, 25 miles north of Downtown Miami.
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