Northwestern Mutual backs new apartments in Coconut Creek, Florida

Northwestern Mutual Life Insurance Company has provided Alliance Residential with a $38m mortgage on the Broadstone Cypress Hammocks apartment complex in Coconut Creek, Florida. Northwestern Mutual’s fixed rate loans, typically non-recourse, carry a minimum five-year duration and maximum 75% loan-to-value. The lender and borrower did not respond to requests for additional comment. Alliance had reportedly […]