Investor gets $40M loan to buy Fort Myers apartments

A Boca Raton real estate development firm has secured a nearly $40 million loan to buy a 296-unit Fort Myers apartment complex. It paid $57 million. The loan for $39.9 million was originated by Berkadia and went to Interface Properties for the purchase of the Brantley Pines Apartments at 1801 Brantley Road, just off of Cleveland Avenue.

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