Tuesday, August 6, 2019

Arbor Funds $22.3 Million Fannie Mae DUS® Loan in Summerville, SC



Brian Scharf

UNIONDALE, NY, Aug. 6, 2019  – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Summerville, SC.

The property received $22.3M in funding through the program and the loan provides a 12-year fixed rate with five years’ interest only.

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

4830 Wescott Apartments
“As a national direct lender, Arbor has the nationwide expertise required to meet borrower demands no matter where they do business, including thriving markets such as South Carolina,” Scharf said. “Arbor also provides the personal service needed for investors to take advantage of today’s strong multifamily market conditions.”

A 182-unit property, 4830 Wescott Apartments was built in 2018. The amenities for this garden-style multifamily residence include a swimming pool, fitness and business centers, and a clubhouse. The community is located within a top-rated school district and close to recreation and retail.


Contact:

Bina Handa
Tel: 516.506.4229

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