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| Stephen York |
UNIONDALE,
NY– Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender,
recently funded a Fannie Mae DUS® loan in Tucker, GA.
13Ten Apartment Homes, a 977-unit multifamily property, received $47M in
refinance funding through the program. The loan includes a 12-year fixed rate
term with six years of interest only.
Stephen
York of Arbor’s New York City office
originated the loan.
“The
closing of this deal really illustrates Arbor’s advantage as a one-stop shop
for borrowers,” York said. “We originated this property as a bridge loan in
2017, and are now finishing the job via a cash-out refinance with competitive
terms and interest rates. It’s proof of our commitment to clients over the life
of a loan.”
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| 13Ten Apartment Homes, Tucker, GA |
Built
in 1988 and renovated in 2019, 13Ten Apartment Homes is a gated community
comprised of villas, lofts and townhomes that feature built-in shelfing,
private balconies, breakfast bars, wood-burning fireplaces and panoramic views.
Community amenities for the
property include an oversized fitness center, indoor and outdoor pools,
business center, dog park, car-care center, gazebo with fishing pier, and a
beautiful lake.
CONTACTS:
Bina Handa
Tel: 516.506.4229
Dan Israeli
DIsraeli@arbor.com
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