Carter Multifamily has paid $41.8 million, or $95,000/unit, for the 440-unit Polos on the Park apartment property in Tallahassee, Fla. The Tampa, Fla., company acquired the 21-building complex from Orchard Asset Management of Houston. The garden-style property, at 2626 East ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been modified, with its term extended by three years to 2020. The loan, securitized through Credit Suisse Mortgage Securities ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been transferred to special servicing for a second time because it's expected to default. The interest-only loan, securitized through ...
Commercial Real Estate Direct Staff Report Northwood Centre in Tallahassee, Fla., has been appraised at a value of $8.5 million, which means the $46.2 million CMBS loan against it will almost certainly see a substantial loss. The loan is securitized ...
97 percent occupied.
Commercial Real Estate Direct Staff Report LNR Partners has put two nonperforming CMBS loans with a balance of $39.5 million on the sales block. The Miami special servicer has hired Mission Capital Advisors to market the two loans for sale, ...
Commercial Real Estate Direct Staff Report The $46.2 million CMBS loan against the Northwood Centre, a 491,086-square-foot mixed-use property in Tallahassee, Fla., has transferred to special servicing because it's expected to default. The loan is securitized through ML-CFC Commercial Mortgage ...
The buyer used a $21.9 million Fannie Mae loan from CBRE to help fund its acquisition. The loan, which matures in 2025, requires only interest payments for the first four years.
Momentum Real Estate Partners has paid $27.4 million, or roughly $110,207/unit, for Delaney Park at Southwood, a 248-unit apartment property in Tallahassee, Fla. The Miami company acquired the property, at 3550 Esplanade Way, from Epoch Properties of Winter Park, Fla., ...
The buyer funded the purchase with a $32 million loan from CIT Bank.
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