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Brokerage
Posted: November 28, 2008
CBRE Capital Markets complete $11.55 million in acquisition financing
Executive VP Keith Braddish and VP Jason Gaccione, both of CBRE Capital Markets, N.Y.C. along with executive VP Robert LaChapelle, executive VP Richard Jordan, and senior analyst Matt Forgione of CBRE Capital Markets, Atlanta and senior VP Steve Heffner out of CBRE Capital Markets Charlotte office have arranged $11.55 million to facilitate the acquisition of Midtown Crossing, a 228-unit garden-style apartment community. The financing was arranged on a seven-year term, 30-year amortization schedule with a Freddie Mac capped ARM product, which carried a 3.63% interest-only rate at closing. In-house financing was structured by the CBRE Capital Markets Freddie Mac seller/servicer division.
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