Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M

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Bank F.S.B., Option One Mortgage Corporation, Ocwen. Loan. loan purchase agreements that the mortgage loans had been underwritten in.

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The small cut isn't expected to have a big impact on real estate, but it could trigger a slight rate decrease in adjustable rate loans and maybe fixed-rate loans.

The gross purchase price, including assumed debt and transaction. Borrower and (c) Mezzanine Borrower will use such funds to pay for any. Freddie Mac Pool I: L + 101 bps.. Coverages of Subordinate Bridge Loan are based on the LIBOR rate.. accounting for ca 25% of portfolio rental income.

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Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M The apartment complex’s address at 1734 Brantley Road in Fort Myers is near Interstate 75 and Florida Southwestern State College.

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Miami-based firm uses Freddie Mac loan to buy Fort Myers rentals for $55M August 27, 2018 Judit Miltz The Fountains at Forestwood apartment complex in Fort Myers (Credit: ApartmentList.com)