CBRE backs Madison Belmont with $42m Freddie Mac loan

CBRE has arranged a $42m Freddie Mac loan to refinance the Madison Belmont, a 198-unit garden-style apartment complex owned by California-based Prime Group. The 10-year permanent financing loan takes out a previous $23m Fannie Mae loan secured in November 2009. The Prime Group acquired the property in October 2009 for about $29m. “Our client was […]