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Newmark Lends $65M on South Florida Apartments

Summary by Commercial Observer
A joint venture between CSL Partners and Presidium Real Estate has secured $65 million of acquisition financing for its purchase of a 260-unit multifamily asset in Miami-Dade County slated for conversion into workforce housing, Commercial Observer has learned. Newmark (NMRK)’s agency lending arm provided the Freddie Mac-backed loan on the Pura Vida Hialeah property in Hialeah, Fla., sources told CO.  CSL Partners and Presidium acquired the apart…
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