Tuesday, March 24, 2020

Arbor Funds $3.4 Million Fannie Mae Small Loan in Kingston, PA

 Ryan Duff 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae Small Loan in Kingston, PA.
Chapin Apartments received $3.4M in cash-out refinance funding through the program. This is a 7-year deal with a 30-year amortization.
 Ryan Duff of Arbor’s New York City office originated the loan.
 “This transaction provided our client the capital they needed to continue to build their portfolio,” said Duff. “At the same time, they were able to secure favorable rates for this loan, making it an ideal solution all around.”
 Chapin Apartments at 151 East Walnut Street is a garden-style community comprised of four buildings and a total of 60 units. While the units were built in 1939 and 1950, most were renovated in 2018.
Chapin Apartments,151 East Walnut Street
Kingston, PA
The complex features a fitness center, resident lounge, storage lockers and a covered parking garage across the street. It is also conveniently located near local shopping, parks and recreation. 

Bina Handa
Tel: 516.506.4229

Amenity Center and Two Models Will Open in April at M/I Homes’ Encore at Ovation in Horizon West, FL

WEST ORLANDO, FL -- M/I Homes is set for an early April completion of its amenity center at Encore at Ovation the homebuilder’s single-family home community located in the final village of award-winning Horizon West near the intersection of Avalon Road and Western Way/Fleming Road .

At the same time, two furnished and decorated model homes will also be completed and ready for touring ‒ the Newport and the Sebring, two of M/I’s most flexible plans, said David Byrnes, Area President of M/I Homes.   

The 3,610-square-foot Newport in the Cottage Collection of plans designed for 50-foot lots, offers five bedrooms, three full bathrooms and a three-car garage.   The two-story Newport , priced starting from $439,000, features an oversized kitchen with expansive island and a first floor guest bedroom and bathroom.

The Sebring, which is among M/I’s newly designed plans for 32-foot homesites –  Bungalow Collection – offers 2,341 square feet, three bedrooms, two-and-a-half baths and a two-car alley load garage priced from $336,000.  

Special features of the Sebring are a second floor owner’s suite, loft and upstairs laundry room.

The new amenity center features a clubhouse with fitness center and an 1,800-square-foot gathering area with kitchen overlooking the resort-style pool. “We’re excited to provide this amenity center right within Encore at Ovation where residents can enjoy relaxing and camaraderie without leaving the neighborhood,” said Byrnes.

David Byrnes
Phase I of the community with 139 home sites offers a mix of 50-foot lots for homes ranging from 1,900 to 3,700 square feet and 32-foot lots for homes ranging from 1,800 to 2,800 square feet of living space.   

Byrnes said six distinct floor plans are offered for the 50-foot lots and four new plans comprise its new product line of homes specially designed for Encore at Ovation’s 32-foot lots.   

Top features of the new designs include rear load garages, open-flow floor plans spa-inspired owner’s suites and spacious covered lanais. 

All of M/I’s new homes are Energy Star® certified and come with a 15-year structural warranty. 

One and two-story Craftsman-style homes with three, four and five bedrooms are priced from  $303,000 to more than $450,000 at Encore at Ovation

“Encore at Ovation is a great community for families,” said Byrnes.  “From the some of the County’s finest public schools, to close proximity Walt Disney World, premier shopping districts, dining and entertainment, along with parks, beaches and other outdoor activities.”


David Byrnes, Area President, M/I Homes,
 407-531-5100 dbyrnes@mihomes.com

Beth Payan, Larry Vershel Communications,
407-644-4142 beth@larryvershel.com   

NAI Realvest Represents Tenants –- A Manufacturer and Service Firm Expanding and Relocating at Two Orlando Area Industrial Centers

Monica Perez Wonus 

ORLANDO, FL --- NAI Realvest, which ranks as one of Central Florida’s largest and most active commercial real estate services companies recently negotiated new lease agreements at two Orlando industrial centers representing established and growing companies.

Andrew (Andy) McCaw

 Andy McCaw, Vice President of Tenant Representation, negotiated a new long-term lease for Laird Plastics at 2613 Consulate Dive in Infinity Park, located off the intersection of SR 528 and the Florida Turnpike.

The plastic fabrication firm with over 60 locations throughout the US and Canada leased 14,603 square feet.  

Monica Wonus of CBRE represented the landlord Infinity JYLP, LLC of West Palm Beach .

Jason G. Toll
 Senior Vice President Jason G. Toll represented the tenant Orlando Dog Training Club in a new lease for 11,320 square feet at 6357 All American Blvd. in Orlando.

 The tenant provides classes for beginners to advanced and relocated from Colonial Drive near downtown to better accommodate its growing clientele.  
The landlord, All American Warehouse, LLC was represented by The Bywater Company.


Andrew (“Andy”) McCaw, Vice President of Tenant Representation, NAI Realvest 407-875-9989 amccaw@realvest.com

Jason G. Toll, Senior Vice President, NAI Realvest,
407-875-9989 jtoll@realvest.com

Patrick Mahoney, President/CEO, NAI Realvest,
407-875-9989 pmahoney@realvest.com

Beth Payan, Larry Vershel Communications
407-644-4142 beth@larryvershel.com  

Kenny Rogers Sang Love Songs and Flipped Mansions

Kenny Rogers' estate in Sandy Springs, GA

SANDY SPRINGS, GA --Kenny Rogers, who died on March 20,, did almost everything well. according to TopTenRealEstateDeals.com.

Kenny Rogers

He excelled in:

·        Singing (sold over 100 million records).
·        Acting, song writing.
·        Restaurateur (Kenny Rogers Roasters).
·        Businessman, author.
·        Charities (Kenny Rogers Children's Center)
·        Photography and athlete (famous for faking out and then scoring on Michael Jordan in a 1988 charity basketball game).

Dollly Parton

Kenny found early success in the music business as a Houston teen star singing his song That Crazy Feeling on Dick Clark’s American Bandstand.

Ellen DeGeneres

 Later joining the New Christy Minstrels and then the First Edition before going solo with giant hits such as The Gambler, Lady, and Islands in the Stream with Dolly Parton, Kenny's career soared as one of the world’s favorite country-pop singers.

Meg Ryan 

In addition to his music, acting and business work, Kenny was especially good at real estate.
 Before celebrity home flippers Ellen DeGeneres, Meg Ryan and Diane Keaton, there was Kenny Rogers - celebrities who entertained us and flipped homes on the side.

Diane Keaton
Always with lots of energy while performing, Kenny segued into buying, renovating and selling big homes with good bones in upscale neighborhoods.
He posted a good profit in the early 1980s, selling his first flip in 1984 in Beverly Hills for $20 million - a record price for Los Angeles at the time.

Wanda Miller Rogers and husband Kenny Rogers
Since then, most of his homes have been in the Atlanta area where he also started an interior design business that catered to Atlanta’s richest home owners.
After his Beverly Hills flip, Rogers bought a bank-owned, 27,000-square-foot Atlanta home in 2002 that had been on the market at $12 million for just $2.75 million, and sold it in 2006 for $8.5 million.

                                              Michael Jordan
Just outside of Athens, Georgia, Rogers built the almost 1,000-acre Beaver Dam Farm which he later sold in 2011 for $10.5 million.
 In 2009, Rogers paid $2.8 million for a home in Atlanta’s ritzy Tuxedo Park that was listed at almost $8 million. He sold it elegantly furnished in a down market in 2011 for $3.725 million.
Most recently, Rogers bought and then spent over $3 million to redesign and decorate a 7,000-square-foot suburban Atlanta family home when his twin sons were only four years old and needed plenty of space to play.
 Kenny was married five times but married to his current wife, Wanda, and twins’ mother since 1997).
Rogers died at the current family home, surrounded by his wife and children.


Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504

Twitter:  @toptenrealestat