PEMBROKE PINES, FL-Aventura-based Advenir has obtained a$30.3-million loan for the acquisition of the San TropezApartments, a 480-unit apartment complex at 7840 N.W. Third St. inPembroke Pines. Advenir@San Tropez has received the financing forthe acquisition.
The 10-year loan has interest-only financing for three years andthe loan-to-value ratio is 75%. The multifamily property,constructed in 1974 and refurbished in 2006, comprises 41 two-storybuildings. CBRE Capital Markets arranged the loan through FreddieMac. For the full story, go to South Florida Business Journal .
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