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| Willow Trace Apartments, Shreveport, LA |
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR),
a leading multifamily and commercial mortgage lender, recently funded a bridge
loan in Shreveport, LA, for the acquisition of Willow Trace Apartments. This 192-unit
property received $8.1M in financing.
Sam Schwass
of Arbor’s New York City office originated the loan.
“This was an exceptional closing that was executed quickly and
smoothly thanks to the experience of a highly sophisticated sponsor and the talent
and expertise of our structured finance and underwriting groups,” said Schwass.
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| Sam Schwass |
“This
was also a great example of how we partner with our clients to develop
solutions that best meet their short- and long-term financial goals.”
Built in 1978, the two-story units that make up Willow Trace
Apartments feature high-speed internet access, fireplaces, walk-in closets, air
conditioning and ceiling fans.
Residents enjoy balconies and patios; a grill and picnic area; an
outdoor pool; and tennis courts. The complex also offers convenient access to
local shopping venues, parks and recreation, including a science center,
gardens and bicycle trails.
Contact:
Bina
Handa
Tel: 516.506.4229
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