Saturday, December 14, 2019

Arbor Funds $12 Million Bridge Loan in College Park, GA

  
Eric Regenbogen

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $12M bridge loan in College Park, GA. Arbor provided three-year financing for the 240-unit multifamily property.

 Eric Regenbogen of Arbor’s Uniondale office originated the loan.


College Park, GA Apartments
 “Finding the right financial solutions for our business partners is something we take pride in,” Regenbogen said. “This loan allowed our client to leverage short-term financing, while ensuring a seamless transition to long-term financing.”

  Built in 1971, the three-story apartment complex was recently renovated. It features one-, two- and three-bedroom units with walk-in closets, carpeting and granite kitchen countertops.

The property has a clubhouse, swimming pool, tennis court and playground, as well as a business center. Shopping, dining, and the MARTA bus line are nearby.

Contact:

 Bina Handa
Tel: 516.506.4229
bhanda@arbor.com

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