Investor gets $40M loan to buy Fort Myers apartments

  • By Louis Llovio
  • | 3:35 p.m. July 2, 2024
  • | 0 Free Articles Remaining!
The Brantley Pines Apartments in Fort Myers were sold to a Boca Raton investor in late June.
The Brantley Pines Apartments in Fort Myers were sold to a Boca Raton investor in late June.
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  • Charlotte–Lee–Collier
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A Boca Raton real estate development firm has secured a nearly $40 million loan to buy a 296-unit Fort Myers apartment complex. It paid $57 million.

The loan for $39.9 million was originated by Berkadia and went to Interface Properties for the purchase of the Brantley Pines Apartments at 1801 Brantley Road, just off of Cleveland Avenue.

Freddie Mac bought the five-year fixed-rate loan says Berkadia, which announced the deal.

 

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