CBRE Group Secures $46.5 Million Loan

by Nate Hunter

Tampa, Fla. — The acquisition loan is for a six-property portfolio.

First Merritt Center is located in Merritt Island.Tampa, Fla.  — CBRE Group has arranged an approximately $46.5 million acquisition loan for a six-property portfolio of shopping centers, in Florida. The properties total more than 400,000 square feet, and include Corridors at Ponte Vedra in Ponte Vedra Beach, First Merritt Center in Merritt Island, Mandarin Oaks in Jacksonville, Publix at Holly Hill in Daytona, Publix at Summer Bay in Clermont and Regency Village in Orlando. Michael Strober, Amanda Valenti and Donald Jennewin of CBRE Group secured the seven-year loan with a 25-year amortization schedule through a life insurance company on behalf of the borrower, H&R REIT.

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