New York, NY – December 8th, 2016 – CBRE Capital Markets’ Debt & Structured Finance team secured a $6.0 million loan for the acquisition of a multifamily portfolio consisting of three residential properties in Yonkers, New York. Jared Sobel, vice president, of CBRE’s Midtown Manhattan office arranged the financing on behalf of the borrower, Momentum Realty Acquisitions. The five-year, interest-only, non-recourse, fixed-rate loan in the mid three percent range, was provided by Freddie Mac.
“The acquisition of this residential portfolio represented a terrific opportunity for our client to enter a submarket outside of Manhattan where real estate values are flourishing,” said Mr.Sobel. “Cap rates in the portfolio were at favorable levels for the borrower, offering significant upside.”

Totaling 63 residential units, the three-building portfolio was sold by Michael Nukho, principal broker, and Lukasz Przybylek, associate broker, both representing Yonkers-based NuRealty Advisors, Inc.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
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