Multifamily

Fitch: MBS Multifamily Defaults Have Limited Effect on U.S. CMBS Ratings. 2 million, or about $168,500 per unit web. The buyer is planning a condo conversion. Robert Cristoph sold a 19-unit apartment building in Miami Beach, FL, for $3. The buyer is an Italian fund that owns several properties in South Beach. Republic Land Development LLC sold the property for $8 multi-family. The 7,918-square-foot complex was built in 1934 at 1450 Meridian. Simpsonville City Council voted unanimously Tuesday night on second reading to annex 49. Italian Fund Buys Miami Beach Multifamily for $3.2M.

Wells Fargo & Co. has closed a $53 million loan for the refinancing of Pa