Canyon Capital Realty Advisors funded the $35 million loan to refinance and acquire debt collateralized by the properties, according to a release. SunVest, a real estate development company headquartered in Hallandale, bought the properties in 2005 and 2006, then renovated and converted the units from apartments to condominiums. Since completing the condo conversions, SunVest has sold more than half of the portfolio units and the rest are offered for sale and for lease, the release said.
The property package includes 2,100 multi-family units in 12 condo conversion developments in Florida, Arizona and Nevada, the release said. Other Florida properties are in Orlando, Coral Springs and Miami.
Canyon Capital and its affiliate Canyon Capital Advisor LLC are a registered investment advisers and money management firms based in Beverly Hills, Calif.
"
Real Estate Designers offers totally innovative solutions for your software
development, Internet programming,
real estate web design and hosting needs. Our service includes domain name
registration and real estate web design. Real Estate Designers provides the
complete solution including design, application development and marketing.
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source: bizjournals.com
No comments:
Post a Comment