MIAMI—In two deals that demonstrate the capital markets demand for strong multifamily asset lending, CBRE just arranged $64.8 million in acquisition loans. Both deals were inked with Freddie Mac.

CBRE secured $40.56 million for Advenir, a Castle Rock, Colo.-based investment firm, to acquire the Lodge at Castle Pines, a 356-unit multifamily community. CBRE also arranged a $24.2 million loan for Momentum Real Estate Partners for the acquisition of the 246-unit multifamily community known as Legacy Point in Arlington, Texas. Both achieved aggressive interest rates.

“There was intense competition for the multifamily assets because they were very strong assets for their markets,” CBRE vice chairman Charles Foschini tells GlobeSt.com. “The operators in both cases are very experienced funds and high quality buyers that most lenders would like to make a loan to. In the time frame that each locked rates and closed, the market was very favorable for closing a loan.”