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| Michael Jehle |
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR) a leading multifamily
and commercial mortgage lender, recently funded a Fannie Mae DUS® Loan in Grand
Rapids, MI. The Gateway at Belknap Apartments, a mixed-use multifamily
property, received $14M in funding through the program.
Michael Jehle of Arbor’s
Oklahoma office originated the loan.
“This repeat customer of Arbor
came to us after stabilization of the property for permanent financing,” said
Jehle.
“We were pleased to provide a very attractive 15-year fixed
rate loan with three years of interest only and a 30-year amortization
schedule, exactly as the customer had requested.
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| The Gateway at Belknap Apartments, Grand Rapids, MI |
"The Greater Grand Rapids Metropolitan Area is
experiencing strong economic growth and development, and the subject property
will enjoy high demand for many years in the future.”
Built in 2017, The Gateway at Belknap consists of retail
space on the main floor and 88 apartment units within the three-story property.
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| Medical Mile, Grand Rapids, MI |
The Gateway at Belknap
Apartments are located in the Belknap Lookout neighborhood overlooking the
Medical Mile, which includes Michigan State University’s College of Human
Medicine, Spectrum Health’s downtown hospital campus and clinics, the Van Andel
Research Institute, and Grand Valley State University’s Cook-DeVos Center for
Health Sciences.
CONTACT:
Bina Handa
Tel: 516.506.4229
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