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| Eric Regenbogen |
UNIONDALE, NY (April 2, 2020) – Arbor
Realty Trust, Inc. (NYSE:ABR), a leading
multifamily and commercial mortgage lender, recently funded $16.3M in Fannie
Mae DUSÒ and Fannie Mae Small loans in Myrtle Beach, SC.
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| Patriots Way At The Beach Apartments Myrtle Beach, SC |
Patriots Way At The Beach Apartments received
$9.6M in refinance financing, with a 12-year fixed rate, through the Fannie Mae
DUSÒ program.
The property is comprised of 110, two-bedroom units and
features hardwood floors and walk-in closets. It is minutes away from the
beach, with fine dining, shopping and entertainment nearby.
The 501 38th Avenue
Portfolio received $2.2M in refinance, cash-out
funding, with a 12-year fixed rate, through the Fannie Mae Small Loan program.
Built in 1963, the 34-unit complex is a short distance from the Children’s
Museum of South Carolina, Ripley’s Aquarium and local shopping.
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| 604 19th Street |
Avenue North Apartments received $3.2M in
refinance, cash-out funding, with a 12-year fixed rate, though the Fannie Mae
Small Loan program.
The 43-unit property is less than a half-mile
from the beach, restaurants and shopping.
604 19th Street received $1.2M
in refinance funding, with a 12-year fixed rate, through the Fannie Mae Small
Loan program.
Built in 1966, the multifamily property is made up of 17 units
and is located just minutes from the beach.
Eric Regenbogen of Arbor’s Uniondale office
originated the loans.
“Identifying individualized financial solutions
for all our borrowers is our top priority,” Regenbogen said. “These deals
provided our clients with the necessary resources to meet both their short and
long-term goals.”
Contact:
Bina Handa
Tel: 516.506.4229
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