CBRE Miami Arranges $33.3 Million Refinancing for Cypress Financial Center in Fort Lauderdale

​Fort Lauderdale, FL – February 24, 2016 – CBRE Capital Markets’ Debt & Structured Finance team arranged a $33.3 million loan to refinance Cypress Financial Center, an 11-story 196,663 square-foot office center that is the tallest building in the Cypress Creek submarket of Fort Lauderdale, Florida.

Christian Lee, Amy Julian, José Lobón, Charles Foschini and Chris Apone of CBRE’s Miami, Florida office arranged the refinancing on behalf of Apollo Global Management and Steelbridge Capital.  Square Mile Capital Management provided the five-year, floating rate loan.

“Since a change in ownership a little more than a year ago, impressive exterior renovations have been completed and interior upgrades are underway to cement Cypress Financial Center’s position as the premier asset within the Cypress Creek submarket. Square Mile's loan structure gives the owners the flexibility to complete the ongoing improvements and aggressively lease-up the property to a stable occupancy,” said CBRE Vice President Amy Julian.

High-end finishes, attractive landscaping, prominent signage, and immediate frontage and visibility along Interstate-95 make Cypress Financial Center the most desirable office destination in Cypress Creek. It is also the submarket’s only building with a direct access ramp to Interstate-95. Additional features include an on-site deli, six-story parking garage, and a location within walking distance of restaurants, hotels and financial institutions.