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| Soco Flats, Austin, TX |
UNIONDALE, NY – 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 Freddie Mac SBL
deal in Austin, TX.
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| David Galst |
SOCO Flats, a 20-unit garden-style multifamily property, received
$1.5M in acquisition financing through the Freddie Mac SBL program. The 5-year
hybrid term comes with a 30-year amortization schedule.
David Galst of Arbor’s Century
City office originated the loan. “Arbor worked diligently to facilitate our
buyer’s tight closing timeline and logistics,” said Galst. “This deal was yet
another example of Arbor’s proactive execution.”
Located in the heart of
Austin, SOCO Flats offer apartment units with modern finishes and amenities
including balconies, a laundry facility, and on-site parking.
CONTACTS:
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
800.ARBOR.10
Contact: Bina Handa
Tel: 516.506.4229
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