CBRE swings financing in Tampa deal

The Miami office of CBRE Capital Markets negotiated $15.6 million in financing for the buyer of a 348-unit Tampa apartment complex, arranging the 10-year term loan through government controlled mortgage financer Freddie Mac. Bridgeview Apartments, the eponymous holding company that made the purchase, agreed to a 75 percent financing at what CBRE described as a very favorable interest rate. CBRE Capital Markets ranks among the top sellers and services for Freddie Mac each year, originating about 817 multifamily transactions since 2003, the firm said. TRD