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FM Capital Arranged a $27,750,000 Loan Secured by a 133 Unit Apartment Complex in Miami, FL.

FM Capital Arranged a $27,750,000 Loan Secured by a 133 Unit Apartment Complex in Miami, FL.

Sep 15, 2020

FM Capital arranged a $27,750,000 loan secured by a newly constructed 133 unit apartment complex in Miami, FL. The loan proceeds were used to repay a higher rate construction loan. At the time of closing the asset was 80% occupied and did not yet receive a final CO.