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| Brian Scharf |
UNIONDALE, NY – Arbor Realty Trust, Inc.
(NYSE:ABR) a
leading multifamily and commercial mortgage lender, recently funded a Fannie
Mae DUS® deal in Houston, TX. Capewood Apartments, a 176-unit
multifamily property, received $10.8M in refinance funding through the
program. The loan includes a seven-year fixed rate term.
Brian
Scharf of Arbor’s Uniondale, NY office originated the loan.
“On this
property, we worked with a repeat sponsor who has a significant presence in the
Houston market,” Scharf said. “By offering prepayment flexibility and a fixed
rate conversion option, we were able to accommodate key financing needs.
"This deal demonstrates our
commitment to customer service and building enduring partnerships with our
clients.”
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| Capewood Apartments, Houston, TX |
Built
in 1976, Capewood Apartments offer garden style residences with newly renovated
interiors. The property features a number of community amenities including a
swimming pool, playground, laundry facility, automatic access gates and on-site
maintenance. Capewood is pet friendly and in walking
distance to public transportation.
Contact:
Bina Handa
Tel: 516.506.4229
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