CBRE Investment Management Closes $74.6 Million Mortgage Loan For Multifamily Community
Matt Williams and Kyle Schlitt of Newmark arranged the loan on behalf of TerraCap.
Matt Williams and Kyle Schlitt of Newmark arranged the loan on behalf of TerraCap.
The asset totals 348,801 square feet and features a mix of studio, one-, two-, and three-bedroom units with an average unit size of 991 square feet.
The sale price equates to more than $291,000 per unit.
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