Monday, June 11, 2018

Arbor Funds $21.7 Million Fannie Mae DUS® Loan in East Point, GA



Ryan Duff



UNIONDALE, NY (June 11, 2018) – 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, recently funded a Fannie Mae DUS Small Loan in East Point, GA.

Parkside at Camp Creek Apartments, a 486-unit multifamily property, received $21,700,000 for refinancing. The deal was structured with a 7-6 ARM product on a 30-year amortization schedule.

Parkside at Camp Creek Apartments
 East Point, GA
Ryan Duff of Arbor’s New York City office originated the loan. “Arbor was able to support our repeat client through a strategic product line,” Duff said. “We secured great long-term refinancing terms for our Sponsor, after property improvements were made and cash flow increased during the original loan’s 12-month lockout period.”

Built in 1970, Parkside at Camp Creek Apartments is conveniently located just southwest of Atlanta’s central business district. This beautifully landscaped community offers 2-3 bedroom floor plans in both garden and townhome style layouts. Amenities include a clubhouse, laundry facility, fitness center, two swimming pools, playgrounds and a basketball court.

For more information, please contact:

Bina Handa
Tel: 516.506.4229

1 comment:

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