Saturday, April 20, 2019

Arbor Funds $10.8 Million Fannie Mae DUS® Loan in Houston, TX



Brian Scharf

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® deal in Houston, TX. Capewood Apartments, a 176-unit multifamily property, received $10.8M in refinance funding through the program. The loan includes a seven-year fixed rate term.

 Brian Scharf of Arbor’s Uniondale, NY office originated the loan.

 “On this property, we worked with a repeat sponsor who has a significant presence in the Houston market,” Scharf said. “By offering prepayment flexibility and a fixed rate conversion option, we were able to accommodate key financing needs.
"This deal demonstrates our commitment to customer service and building enduring partnerships with our clients.”

Capewood Apartments, Houston, TX
  Built in 1976, Capewood Apartments offer garden style residences with newly renovated interiors. The property features a number of community amenities including a swimming pool, playground, laundry facility, automatic access gates and on-site maintenance. Capewood is pet friendly and in walking distance to public transportation.

Contact: 

Bina Handa
Tel: 516.506.4229

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