Citi Refis Two Florida Apartment Complexes With $69M CMBS Loan

Developer Copperline Partners has sealed $69 million of commercial mortgage-backed securities (CMBS) debt to refinance two Florida multifamily properties, Commercial Observer has learned. Citi originated the five-year, interest-only CMBS conduit loan for Copperline’s 168-unit Innovo Living property in Sunrise, Fla., and its 193-unit Living on Waters in Tampa. The refi closed at a sub-6 percent […]