TM Real Estate Group has closed on a $35.5 million loan for the newly completed 240-unit apartment complex Shalimar at Davie. Meridian Capital Group has provided the 10-year loan with a fixed interest rate of 4.04 percent and a full-term repayment schedule of interest-only payments. Reported by The Real Deal, TM Real Estate Group financed construction with a $34.2 million mortgage…
Optimus Acquires 152 Condos in Scottsdale Optimus US Real Estate Fund is pleased to announce that it has completed the acquisition of 152 condos at The Allison Condominium in Scottsdale, Arizona for a purchase price of $19,000,000 plus closing costs. The amount equates to $125,000 per unit. The purchase was funded with a combination of $9 million in equity with…
The Element Brings Optimus Portfolio to 1107 Condos On May 23, 2013, the Fund’s wholly owned subsidiary, Optimus Element LLLP, completed the acquisition of 294 condos in The Element in Orlando, Florida for $27 million. The sale price equates to $91,837 per unit. The Fund purchased a 90% interest in The Element, in partnership with a related entity of TM…