MIAMI, FL (Press Release) Dec. 19, 2012 – ARC | TREO, LLC (the “Company”), a privately held real estate investment firm headquartered in Miami, Florida announced the successful refinancing of 1111 on High, a student housing community located in Tallahassee, FL. The property comprised of 136 units / 344 beds was acquired by the Company in June of 2010 and is currently 99% occupied.
Charles Foschini of CBRE Capital Markets arranged the $7,725,000 refinance loan on behalf of ARC | TREO under Freddie Mac’s Capital Markets Execution Program (CME). Terms of the loan include a 10-year fixed-rate of 3.87%, a 70% loan-to-value ratio and a 30 year amortization period. “This transaction affords us the opportunity to lock-in substantial current returns for our investors while retaining ownership to a quality student asset with the potential for significant long-term capital appreciation,” said Carlos A. Ortega, Managing Member of ARC|TREO. “We intend to use the refinancing proceeds to fund additional enhancements to the property and fuel the continued growth of our student housing platform.”
About ARC | TREO, LLC
ARC | Treo, LLC is a privately held real estate investment firm focused on creating diversified investment opportunities for its capital partners by combining opportunistic acquisition strategies with proven value enhancement platforms. To learn more about ARC | TREO or for loan sale and property disposition opportunities, please contact us at email@example.com or visit our website at www.arctreo.com.