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Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt
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Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt
BOSTON — Newmark has arranged a $690 million CMBS loan for the refinancing of a 13-property, 4,077-unit multifamily portfolio in the Sun Belt. The borrower, Boston-based West Shore, is refinancing properties in five Florida cities — Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee — as well as Columbia and Lexington, S.C.; Knoxville, Tenn.; and Bryan, Texas. Purvesh Gosalia arranged the cash-out, single-asset single-borrower (SASB) r…
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