Grover Corlew, a real estate investment management group focused on acquiring, transforming and managing office, multifamily and retail properties across the southeastern U.S., has refinanced the 355-unit Mayla Pompano multifamily residence for $114.4 million through lender Fannie Mae. According to Anuj Grover, partner at Grover Corlew, the refinancing is part of a broader strategic initiative to strengthen the firm's investment portfolio and maximize long-term growth.
"Not only are we taking advantage of a favorable financing environment, but this move will also improve cash flow,” said Corlew. The capital freed up from the deal “can be directed toward other investments, including our new and upcoming Mayla properties in Deerfield, Fort Lauderdale and Delray Beach.”
The PNC Financial Services Group, Inc. was instrumental in both providing the original construction loan and facilitating the refinance with Fannie.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
