MIAMI-Plantation Colony Apartments, a multifamily community located in Plantation, has secured a loan worth $23.5 million. HFF organized the financing for the borrower through its relationship with National Life Insurance Company. The borrower has used the fixed-rate, seven-year term mortgage for the recapitalization of the property. The 256-unit apartment complex is situated at 8210 SW 12th Street close to Pine Island Road and I-595.
In the deal, the borrower was represented by the HFF team led by Paul Stasaitis. For the full story, go to Florida Real Estate Journal .
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