 |
| Austin Walker |
UNIONDALE, NY (May 2,
2017) - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and
national direct lender specializing in loan origination and servicing for
multifamily, seniors housing, healthcare and other diverse commercial real
estate assets, has funded a loan totaling $13,470,900 for the refinance of Tangi Lakes Townhomes, located in
Hammond, La. under the Fannie Mae Standard DUS® Loan program.
Austin Walker,
Originations Sales Associate in Arbor’s New York office, originated the deal.
“Arbor’s underwriting and
credit team did an outstanding job overcoming some significant challenges to
ensure the certainty of execution I had promised for my client,” Walker said.
The 10-year refinance
loans amortizes on a 30-year schedule.
Tangi Lakes Townhomes is a
185-unit multifamily property that was built in 1999 located in Southeastern
Louisiana. Recent improvements consist of 67 townhouses and garden style
residential buildings, which are all a combination of fourplexes and triplexes.
The property is in close proximity to Southeastern Louisiana University,
beautiful Downtown Hammond and all the shopping areas.
The subject property now
consists of 1-, 2- and 3-bedroom apartments with a unit mix of 32 one-bedroom
units, 99 two-bedroom units, and 54 three-bedroom units. Amenities include
barbeque grills, controlled access gates, fitness facility, laundry facility,
on-site security personnel, park/play area, and a swimming pool.
For a complete copy of the company’s news release,
please contact:
Arbor Realty Trust, Inc.
Bonnie Habyan
333 Earle Ovington Blvd, Suite
900
Tel: (516) 506-4615
Uniondale, NY 11553
1-800-ARBOR-10
No comments:
Post a Comment