HALLANDALE BEACH, FL— L.J. Melody & Co., the banking division of CB Richard Ellis, has arranged an acquisition and development loan of $4.4 million for a mixed-use property here consisting of a condominium-hotel, residential units and commercial space. The loan for V-Strategic Group is a precursor to a large construction loan to be originated as pre-sales are reached on the project. Christian R. Lee, svp/CB Richard Ellis’ Institutional Group, and Charles Foschini, senior director of L. J. Melodys South Florida Office arranged the financing through a regional bank center.
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