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| Vincent Chiodo |
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 Fannie Mae DUS®
Small Loan in Livingston, TX.
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| Pecan Park Apartments, Lexington, KY |
Pecan Park Apartments, a 36-unit
multifamily property, received $1.8M in funding through the Fannie Mae DUS
Small Loan program. The loan comes with a seven-year hybrid term and a
step-down prepay structure.
Vincent Chiodo of Arbor’s New York City
office originated the loan. “The borrower was looking for a long-term loan with
flexible prepayment terms,” Chiodo said. “The Fannie Mae hybrid option was a
perfect fit for this loan and can be offered on all 5-50 unit deals.”
Built in 2007, Pecan Park Apartments
offers one- to three-bedroom units. The complex is in close proximity to Lake
Livingston State Park, as well as local schools and shops.
Contact:
Bina Handa
Tel: 516.506.4229
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