JACKSONVILLE, FL—The capital is flowing for Florida commercial real estate—and CBRE has arranged significant back-to-back loans from one end of the state to the other this week. After helping Banyan Capital and Oaktree Management secure an $87 million bridge loan against Douglas Entrance Office Park, the firm has inked a $49.8 million loan for Harbour Group to acquire the Villages of Baymeadows.

Wells Fargo of New York originated the five-year loan. Terms include a 70% loan-to-value ratio, which is floating over Libor. CBRE vice chairman Charles Foschini explains how the loan was creatively structured to match the loan prepayment of a sister property that was acquired at the same time.

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