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| Alexander Kaushansky |
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in California. The property received $39.3M in funding through a 15-year loan with full term interest only from the program.
Alexander Kaushansky of Arbor’s New York City office originated the loan.
“Our client’s goal was to acquire a core asset that they plan on holding in a stable growing market,” said Kaushansky. “We helped them take advantage of the low interest rate environment with creative green financing, which lowered their interest rate and their annual utility costs. The loan’s structure achieved the borrower’s current and future goals.”
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| Canyon Crest Views Apartments, Riverside, CA |
Built in 1983, Canyon Crest Views in Riverside, CA, offers one-, two- and three-bedroom townhomes and apartments with private garage parking. The garden-style multifamily property features two beautiful swimming pools, a multilevel fitness center and clubhouse.
The upscale, 178-unit complex is located steps away from Canyon Crest Town Centre and more than 80 businesses and restaurants.
Contact:
Bina Handa
Tel: 516.506.4229
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