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| Vincent Chiodo |
UNIONDALE, NY, Sept. 22, 2020 –
Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded two Freddie Mac Small Balance Loans in Brooklyn, NY.
The multifamily properties received $14.2M in refinancing, with a 10-year fixed rate through the program.
Vincent Chiodo of Arbor’s New York City office originated the loans.
“These transactions exemplify Arbor’s commitment
to meeting all of our clients’ needs no matter the environment or unique
circumstances,” Chiodo said. “We were able to execute these transactions
successfully despite all the changes and challenges that occurred due to
COVID-19.”
480 Stratford Road in Brooklyn
received $5.2M in refinancing. The 15-unit mixed-use property was built in 2013
and is conveniently located with restaurants and retail shopping nearby.
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| 480 Stratford Road, Brooklyn, NY |
1608 Beverley Road in Brooklyn received $3.4M in refinance funding. Built in 2014, the six-story, 12-unit property features hardwood floors and stainless steel appliances. The complex, just blocks away from Prospect Park, is near dining and shopping areas and less than 30 minutes from Manhattan.
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| 1608 Beverley Road, Brooklyn, NY |
596 East 19th Street in Brooklyn
received $5.5M in refinancing. The 20-unit property was built in 2015 and
features stainless steel appliances and large living areas. It is located in
the historic district of Ditmas Park, with public transportation and retail
shopping minutes away.
Contact:
Bina Handa
Tel: 516.506.4229
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