BOSTON- CB Richard Ellis’ capital markets division has completeda $166.7-million multifamily portfolio refinance on behalf of afund managed by locally based Eaton Vance Management, GlobeSt.comhas exclusively learned. The debt was originated through FreddieMac’s Capital Markets Execution program.

The portfolio consists of seven apartment communities and over2,100 units located in five states. Three are in Florida, locatedin Pembroke Pines, Altamonte Springs and Boynton Beach,respectively. There are also properties in Phoenix, Houston,Atlanta and Riverside, CA. All seven 10-year, fixed-rate loans wereunderwritten individually and on a non-crossed basis, CBREsays.

Paul Donahue, SVP in CBRE New England’s Boston office, tellsGlobeSt.com that while the deal could have been accomplished sixmonths ago, the rates would not have been as attractive. “Throughthe downturn, the GSEs as well as the life companies have beensteady, especially in multifamily,” Donahue says.