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| Sam Gold |
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 Brownsville, TX.
7900 Topo Chico Circle,
a 24-unit multifamily property, received $1.6M in acquisition funding through
the Freddie Mac SBL program.
The deal is a structured 1031 exchange with a 73% LTV ratio.
Sam Gold of Arbor’s Dallas office originated the
loan.
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| 7900 Topo Chico Circle, Brownsville, TX |
“Our client owns
several complexes in the area and has seen growth in rents and values over the
last few years,” said Gold. “This property has tremendous potential and the
client plans to make improvements.
"For more than 10 years, he has benefitted from 1031
exchanges as a result of the strong partnership established with Arbor.”
Built in 2009, the multifamily
property offers duplex units equipped with HVAC systems, washer/dryer units,
patios and modern appliances/finishes. The property also features parking
garages and recreational amenities.
CONTACT:
Bina Handa
Tel: 516.506.4229
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