TAMPA, FL-First Market Properties, LLC has purchased the Canterbury Lane Apartments at a discount rate. The company has bought the $8.5 million mortgage loan on the 320-unit garden-style apartment complex from a national bank at a discount of a little over 50%.
The apartment community is located in Tampa close to I-275 in the Carrollwood section of the city. Over the last two years, First Market has been purchasing distressed debts on properties located in the Northeast and Florida markets.For the full story, go to Florida Real Estate Journal.
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