COLORADO SPRINGS, CO – June 29, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) Capital Markets, a Freddie Mac correspondent, arranged acquisition financing in the amount of $12,650,000 for Briarglen Apartments, a multi-family community totaling 220 units. The community offers residents numerous amenities including a clubhouse, business center, fitness center, outdoor swimming pool, carports, tennis court and basketball court.
Charles J. Foschini, Christian R. Lee and Christopher Apone of CBRE’s Debt & Equity Finance and Institutional Group in Miami, in assistance with CBRE’s Denver office, arranged the financing on behalf of Advenir @ Briarglen, LLC.
CBRE Capital Markets is consistently among the top three Freddie Mac Seller/Servicers each year and was number one for the first and second quarters of 2011. Since 2003, CBRE Capital Markets has originated over 817 multi-family transactions totalling more than $12.2 billion. In addition to the consistent high rankings of loans originated for purchase by Freddie Mac, CBRE Capital Markets has received the top Correspondent Scorecard Ranking among Freddie Mac Seller/Servicers for 2005 and 2006.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
