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South Florida

First Market buys loans on 335 SF units

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First Market Properties has purchased the loans securing 17 apartment
complexes in South Florida in a $15.6 million deal for 335 total units.
First Market, which is based in North Miami and New York and led by
David Brecher, said it obtained the loans from one of America’s largest
banks. The properties are spread across Miami-Dade and Broward counties,
including Fort Lauderdale, Pompano Beach and Hollywood, ranging from
five to 40 units. The company also owns properties in New York and New
Jersey. [SFBJ]