Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI—Fannie and Freddie are getting much of the multifamily lending action. But Centerline Capital Group just closed on a $4.5 million CMBS loan to refinance The Grove Villas. The CMBS loan has a 10-year term that will amortize over a 30-year period.

Located in Gainesville, FL, The Grove is a 144-unit multifamily complex that sits on a 10.21-acre site at 6400 Southwest 20th Avenue. The multifamily property offers 24, two-story buildings and a laundry facility.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.