MIAMI—Commercial Place I and II, a suburban office campus spanning 175,088 square feet in Fort Lauderdale, FL, has won the confidence of investors. CBRE Capital Markets' Debt & Structured Finance team arranged $18.3 million acquisition loan for the office buildings.
Brookwood Financial Partners acquired the office campus for $23.5 million. Charles Foschini, Christopher Apone, and Christian Lee of CBRE's Miami office arranged the financing.
"Non-recourse bank debt has become a popular finance vehicle for experienced borrowers like Brookwood, who seek the lowest cost of capital, future funding for lease-up, and highly flexible pre-payment structures," says Apone, CBRE senior vice president of Debt & Structured Finance. The office buildings are located at 3230-3250 West Commercial Boulevard.
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