City: Coral Springs

Meanwhile, Corinthian paid $22.5 million, or about $220,588/unit, for Palms at Forest Hill, a 103-unit property in Coral Springs, Fla. Maxx sold that complex, which sits on 4.5 acres at 2920 Forest Hills Blvd. The property serves as collateral for ...

The buyer assumed $22 million of debt that's securitized through FREMF, 2018-K733. The interest-only loan matures in August 2025 and pays a coupon of 4.47 percent, according to servicer data compiled by Trepp LLC. Coral Falls is 99 percent occupied.

Valley National Bank provided the buyer with $7.5 million of financing for the purchase.

The property consists of 40,258 sf of retail space and two office buildings with 90,727 sf.

fully leased.

Apollo Bank of Miami provided $15 million of acquisition financing.

The buyer used $35.3 million of acquisition financing from Principal Life Insurance Co. for the deal.