Monday, June 17, 2019

Arbor Funds $43 Million Bridge Loan in St. Charles, MO

The Boulders at Katy Trail, a 314-unit property at St. Charles, MO

UNIONDALE, NY, June 17, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $43M bridge loan in St. Charles, MO. 

Arbor provided the cash-out refinance loan with a 30-month floating rate for The Boulders at Katy Trail, a 314-unit property.

Brian Scharf of Arbor’s Uniondale office originated the loan.

Brian Scharf
 “Arbor was able to deliver competitive terms on a structured transaction for a long-time client,” said Scharf. “This is another great example of how we at Arbor always make client satisfaction and long-term relationships our number one priority.”
Built in 2002, The Boulders at Katy Trail offers its residents luxurious community features such as a 24-hour fitness center, movie theatre, indoor and outdoor pool with a clubhouse, putting green and on-site security.

 Its apartments are equipped with stainless steel appliances, granite countertops, crown molding, walk-in closets, full-size washers and dryers, and private decks or patio


Bina Handa
Tel: 516.506.4229

No comments: