Search
 

First Financial Selling $400M Loan Portfolio

MIAMI-The offering reflects declining multifamily property values in Florida and the Southeast.

By Carl Cronan | Updated on April 30, 2008

(Carl Cronan is editor of Real EstateFlorida.)

MIAMI-First Financial Network Inc. is offering more than $400 million in real estate loans tied to multifamily properties throughout the Southeast, mostly in Florida. The advisory firm is marketing the package on behalf of an unnamed lending institution.

The portfolio is secured primarily by multifamily properties, including 39 scattered throughout Florida, four in Tennessee and one in North Carolina. The company says properties include condominiums, apartments and land, including some waterfront sites.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.