Starwood Nabs $380M CMBS Loan on Florida Affordable Rental Portfolio

Starwood Property Trust has refinanced a collection of a dozen affordable multifamily properties in Florida with a $380 million loan originated by Barclays and Goldman Sachs. The two-year, floating-rate and interest-only commercial mortgage-backed securities (CMBS) loan retired nearly $217 million in existing debt that was used to acquire the assets several years ago. The deal … Continue reading Starwood Nabs $380M CMBS Loan on Florida Affordable Rental Portfolio