(Read more on the debt and equity markets andthe multifamilymarket .)

HALLANDALE, FL-Locally based SunVest Communities USA LLC hasreceived a $35-million loan to refinance and acquire existingsenior and mezzanine debt collateralized by more than 2,100multifamily units with 12 condominium conversion developments inFlorida, Arizona and Nevada. The financing was provided by BeverlyHills, CA-based Canyon Capital Realty Advisors.

This is the first loan Canyon has provided SunVest, whichacquired the properties during 2005 and 2006, and renovated andconverted the units from apartments to condominiums. Sincecompletion of the condominium conversions, more than 50% of theunits have been sold. The remaining units are currently beingoffered for sale or lease.

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