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| Ryan Duff |
UNIONDALE, NY (Jan. 15,
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®
Loan in Ridgeland, MS.
Ridgeland Ranch Apartments, a
138-unit multifamily property, received $9.5M in funding through the Fannie Mae
DUS Loan program. The loan comes with a 12-year fixed rate term.
Ryan Duff of Arbor’s New York
City office originated the loan.
“Arbor was able to utilize Fannie Mae’s
product towards a solution that worked for our customer in a changing rate
environment,” said Duff. “The terms allowed the sponsor to lock in a low, fixed
rate for 12 years and also funded capital improvements that will help enhance
quality of living for the tenants.”
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| Ridgeland Ranch Apartments, Ridgeland, MS |
Built in 1974, Ridgeland Ranch
Apartments offer many amenities, including wood burning fireplaces, covered
balconies/patios, self-service laundry, a fitness center, playground, swimming
pool and beautiful landscaping.
The complex is conveniently located next to
shopping centers, restaurants and recreational areas.
CONTACTS:
Bina Handa
Tel: 516.506.4229
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