CBRE SECURES $57.7 MILLION IN ACQUISITION FINANCING FOR 576-UNIT APARTMENT COMMUNITY IN PHOENIX, AZ

CBRE Capital Markets’ Debt & Structured Finance team announced that it has secured $57.7 million in financing for the acquisition of a 576-unit, Class B+ apartment community in Phoenix, Arizona. Rocco Mandala, Anthony Valenzuela and Dominique Damerell of CBRE’s Phoenix office secured the seven-year loan with three years of interest-only payments on behalf of the…