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CBRE Arranges Challenging Multifamily Refi

MIAMI—Despite some challenging circumstances, River Oaks Apartments, a 199-unit multifamily property in Miami, has won a $31 million refi. Get all the details.

By Jennifer LeClaire | Updated on March 13, 2014

MIAMI—Despite some challenging circumstances, River Oaks Apartments, a 199-unit multifamily property in Miami, has won a $31 million refi. CBRE‘s Debt & Structured Finance Group arranged the loan on behalf of the owner, AP SC River Oaks LLC.

Redwood Commercial Mortgage Company, a division of CA-based Redwood Trust, provided the financing. According to CBRE, the 10-year loan is partial interest (five years) only closed at an aggressive rate and terms. The deal was done in less than 30 days after AP submitted its paperwork.

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