CBRE Capital Markets’ Debt & Structured Finance team has arranged $8.0 million in acquisition financing for a six-property multifamily portfolio in Yonkers, NY.

Financing was facilitated by Jared Sobel, vice president in CBRE’s Manhattan office. CBRE was able to secure a $8.0 million, 5-year, interest-only, non-recourse, fixed-rate loan, in the mid 3% range, which was ultimately funded by Freddie Mac & a local New Jersey savings bank.

Mr. Sobel commented “This Yonkers Portfolio represents a tremendous opportunity to enter a submarket outside Manhattan where real estate values are flourishing. I believe the borrower capitalized on the right properties, at the right cap rate, and I am confident this portfolio will be a success.

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 (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.