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Article: GFI Capital buys $13m in Florida mortgages.(FINANCE)(Brief article)
- Article from:
- Real Estate Weekly
- Article date:
- February 18, 2009
CopyrightCOPYRIGHT 2009 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GFI Capital Resources Group announced the acquisition of two South Florida multi-family commercial mortgages from a regional bank, with a face value of approximately $13 million.
The properties securing the mortgages are located in North Miami Beach and consist of 140 residential units.
"GFI moved quickly to price and close the transaction in just three weeks time to meet the banks year-end 2008 deadline," said Jeffrey Granowitz, director of acquisitions for GFI Realty Services.
"Because of our ability to quickly understand ...