Olympia Development Secures $72M Refi for 18 Property Portfolio

2013-12-16T23:32:20-05:00

CBRE's Debt ' Equity Financing Group secured three loans totaling $72 million to refinance a cross-collateralized portfolio of 18 properties in Florida and Georgia owned by Olympia Development Group of Safety Harbor, FL. The owner refinanced and extended a non-recourse position on its portfolio through a single transaction. The loans carry a five-year term with a low fixed-interest rate of 5.02%. The three loans, originated by Rialto Mortgage...

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