The Real Deal Miami

GFI acquires two S. Florida mortgages

February 05, 2009 04:10PM

GFI Capital Resources Group has acquired two multi-family commercial mortgages worth $13 million on distressed properties in North Miami Beach. The properties include 140 residential units, according to a statement from GFI. The company purchased the mortgages at a discount from an unnamed regional bank. GFI will work with the buyer to refinance the assets or will add them to GFI’s real estate portfolio, according to the statement. TRD