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| Ryan Duff |
UNIONDALE, NY (June
11, 2018) – Arbor Realty Trust, Inc. (NYSE:ABR),
a real estate investment trust and national direct lender specializing in loan
origination and servicing for multifamily, seniors housing, healthcare and
other diverse commercial real estate assets, recently funded a Fannie Mae DUS
Small Loan in East Point, GA.
Parkside at
Camp Creek Apartments, a 486-unit multifamily property,
received $21,700,000 for refinancing. The deal was structured with a 7-6 ARM
product on a 30-year amortization schedule.
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| Parkside at Camp Creek Apartments East Point, GA |
Ryan Duff
of Arbor’s New York City office originated the loan. “Arbor was able to support
our repeat client through a strategic product line,” Duff said. “We secured
great long-term refinancing terms for our Sponsor, after property improvements
were made and cash flow increased during the original loan’s 12-month lockout
period.”
Built in 1970,
Parkside at Camp Creek Apartments is conveniently located just southwest of
Atlanta’s central business district. This beautifully landscaped community
offers 2-3 bedroom floor plans in both garden and townhome style layouts. Amenities
include a clubhouse, laundry facility, fitness center, two swimming pools,
playgrounds and a basketball court.
For more information, please contact:
Bina Handa
Tel: 516.506.4229
1 comment:
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