Morgan Stanley makes $61m CMBS loan for Florida office buy

Morgan Stanley Mortgage Capital has provided $61m of securitized debt for AGS Property Corporation’s acquisition of the Broward Financial Center in Fort Lauderdale, Florida. The 10-year, fixed-rate CMBS loan facilitated the $112m purchase of the 24-story, 324,429 sq ft office property, representing a 55 percent loan-to-cost. The seller was DRA Advisors. Miami-based AGS Property Corporation purchased […]