BOSTON- CB Richard Ellis’ capital markets division has completed a $166.7-million multifamily portfolio refinance on behalf of a fund managed by locally based Eaton Vance Management, GlobeSt.com has exclusively learned. The debt was originated through Freddie Mac’s Capital Markets Execution program.

The portfolio consists of seven apartment communities and over 2,100 units located in five states. Three are in Florida, located in Pembroke Pines, Altamonte Springs and Boynton Beach, respectively. There are also properties in Phoenix, Houston, Atlanta and Riverside, CA. All seven 10-year, fixed-rate loans were underwritten individually and on a non-crossed basis, CBRE says.

Paul Donahue, SVP in CBRE New England’s Boston office, tells GlobeSt.com that while the deal could have been accomplished six months ago, the rates would not have been as attractive. “Through the downturn, the GSEs as well as the life companies have been steady, especially in multifamily,” Donahue says.