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| Geoffrey Platt |
UNIONDALE, NY (April 25, 2019)
– Arbor Realty Trust, Inc. (NYSE:ABR) a leading
multifamily and commercial mortgage lender, recently funded a Fannie Mae Small
Loan in Sun Prairie, WI.
Stonewood Crossing, a 24-unit multifamily
property, received $3.2M in refinance funding through the program.
The loan includes a 30 year fixed-rate term and amortization
schedule with one year of interest only.
Geoffrey Platt of Arbor’s
New York City office originated the loan.
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| Stonewood Crossing Apartments, Sun Prairie, WI |
“With some education and
guidance, Arbor was able to help first-time agency clients navigate the
loan process with ease,” said Pratt. “The sponsors were able to lock in
long-term debt, which aligned nicely with their financial strategy. Arbor looks
forward to helping these sponsors grow their portfolio.”
Built in 2018, Stonewood
Crossing provides in-unit features including air conditioning, stainless steel
appliances, quartz countertops, washer/dryer systems, fireplaces and
balcony/patio options.
Community amenities include covered parking, emergency
maintenance and access to a nearby trail for jogging, hiking and cycling.
CONTACT:
Bina Handa
Tel: 516.506.4229
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