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November 02, 2018  

CBRE Inks Freddie Loan in Cambridge

CBRE has written a $120.2 million Freddie Mac mortgage on an upscale apartment property in Cambridge, Mass.The loan was originated last week for a joint venture including Greystar Real Estate. The fixed-rate debt, with a term of 10 years, is backed by the Zinc Apartments, a 392-unit complex that was completed in 2015. Most of the proceeds were used to retire a previous mortgage.The property was developed by a partnership between Wood Partners of...

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