US EditionVoya Makes $47M ReFi on Multifamily Complex off Florida Navarre Beach
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Voya Makes $47M ReFi on Multifamily Complex off Florida Navarre Beach
Branch Properties, an Atlanta-based developer and operator, has secured $47 million to refinance existing construction debt on Elevate Navarre, a 332-unit multifamily complex in Navarre, Fla. Voya Investment Management, a life insurance company, originated the loan, which carries a three-year, fixed-rate term. CBRE Capital Markets’ Blake Cohen arranged the deal. In a statement, Cohen called Elevate Navarre “a best-in-class asset” and noted its…
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