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Posted on: Feb. 11, 2018, 6:31 p.m.
A buyer used a Freddie Mac loan to pay $30 million, or about $131,000 per unit, for an apartment complex in Brandon, an unincorporated suburb just east of Tampa. Robbins Property Associates financed the acquisition of the 228-unit property with a $24 million Freddie Mac loan, according to Berkadia, a real estate finance firm that arranged the loan, which was structured with a lofty loan-to-value ratio of 80 percent. Robbins Property, which has offices in ... [more] Full investment news article