News
Refi and More Refi
September 26, 2012
 |
| The Fed says interest rates will be low for quite some time, and one of the upshots for CRE is that now is the age of refi. In a deal closed this week, CBRE arranged $141.5M in permanent financing through MetLife on behalf of Hines US Core Office Fund to refi two CBD office towers in Charlotte—Charlotte Plaza (pictured) and Carillon—for $82.5M and $59M, respectively. The loan includes a three-year term with 12 months interest only, and an 65% LTV. CBRE first VP Hal Kempson tells us they're "working on several other refis and acquisitions as we speak.? |
