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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 ...
South Florida Business Journal Corinthian Capital has bought a pair of apartment properties totaling 215 units in South Florida for a combined $46.8 million. The Miami company paid $24.3 million, or about $216,964/unit, for the Colonial Village Apartments in Davie, ...
South Florida Business Journal One Global Property Management has paid $14.5 million, or about $310.40/sf, for the 46,714-square-foot retail and office property at 1750 University Drive in Coral Springs, Fla. A company managed by Itai Kathein of Planation, Fla., was ...
South Florida Business Journal Mill Creek Residential has lined up $65.93 million of construction financing for Modera Coral Springs, a 351-unit apartment property in Coral Springs, Fla. UMB Bank provided the loan. Mill Creek, a Boca Raton, Fla., REIT, is ...
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.
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