Dealmaker: CBRE Arranges $36M in Two States

CBRE’s south Florida capital markets team arranged $35.5 million for office and multifamily properties in Atlanta and Orlando, Fla.

CBRE Vice Chairman Christian Lee, Vice President Amy Julian and First Vice President José Lobón arranged$21.1 million for Banyan Street Capital, Miami, and PCCP, New York, to refinance Davinci Court, two Class A office buildings totaling 202,000 square feet in Atlanta’s Peachtree Corners submarket. NXT Capital, Chicago, provided the floating-rate loan with a three-year term plus extension options.

“Peachtree Corners is in the midst of a period of rapid growth and transformation into a truly walkable suburb,” Julian said, noting that a recently approved 21-acre town center across the street will add at least 10 restaurants, numerous retail shops, a theater, 70 townhomes and two acres of green space. “Davinci Court is positioned to take advantage of the expanding amenity base and improving market fundamentals,” she said.

CBRE’s debt and structured finance team also secured $14.4 million for Parkview Crossing, a 272-unit apartment community in Orlando’s Fern Park submarket. CBRE Vice Chairman Charles Foschini and Senior Vice President Christopher Apone arranged the loan for Advenir Inc., Aventura, Fla.

Freddie Mac, McLean, Va., provided the permanent floating-rate financing with a seven-year term and 80 percent loan-to-value ratio.

Built in 1973 at 210 Welcome Way, the property sits near the Altamonte Mall and Florida Hospital. 

“The Seminole County and Fern Park submarkets of Orlando continue to see strong demand from multifamily investors,” Apone said.