PALM SPRINGS, FL-A Freddie Mac correspondent, CB Richard EllisCapital Markets has secured $7.305 milion permanent financing forAdvenir Station at Springdale Apartments, a 151-unit multifamilycommunity in Palm Springs.
The fixed-rate loan has a term of 10 years, grounded on a30-year amortization and a well-disposed fixed interest rate. Theloan-to-value is 77%. Brokers from CBRE's Miami office and CBRE'sDebt & Equity Finance and Institutional Group arranged thefinance for Advenir@Pines, LLC through Freddie Mac. For thefull story, go to Florida Real EstateJournal.
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