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Florida & Gulf Coast  + South Florida  + Finance  | 
Vue on 67th apartments Davie FL South Florida apartment acquisition

Freddie Mac Optigo Loan Finances Davie Apartment Deal

Greystone has provided $23,479,000 in Freddie Mac Optigo financing for the acquisition of Vue on 67th, a 178-unit multifamily property in Davie, FL. The transaction was originated by Richard Kourbage, managing director in Greystone’s New York office, on behalf of Circle Capital Partners and LRE Management. 

Originally built in 1978 and upgraded by the prior owner, Vue on 67th is a garden-style apartment community that sits on 7.7 acres. It offers one- and two-bedroom units and amenities including a clubhouse with billiards room, fitness center, resort-style pool, outdoor barbeque deck, and on-site parking. 

“Vue on 67th was a complicated transaction to finance,” said Todd Linden and Richard Valdes, principals of Circle Capital Partners. “The property’s performance significantly improved every month leading up to closing, and Richard Kourbage and his Greystone team worked closely with Freddie Mac to quantify a meaningful increase in proceeds. ”  


Inside The Story

Greystone’s Kourbage

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing