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| Michael Noll |
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial
mortgage lender, recently funded a Fannie Mae DUS® deal in Bettendorf, IA.
The Townhomes at Highland Pointe, a
24-unit multifamily property, received $4.6M in refinance funding through the
program. The loan includes a 30-year fixed-rate term with an 80% LTV ratio.
Michael Noll of Arbor’s New York City office originated the
loan.
“This was a beautiful property in a
great part of town,” said Noll. “We were able to take out the existing
construction debt with a long term nonrecourse loan while removing all
refinance risk at a very attractive interest rate.”
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| Townhomes at Highland Pointe, Bettendorf, IA |
Built in 2018, The Townhomes at Highland Pointe offer spacious, three-bedroom
units equipped with two oversized attached garages, covered decks, granite
counter tops, and stainless steel appliances with luxury finishes.
Additionally, each
townhome features its own in-unit washer and dryer. The Townhomes at Highland
Pointe are conveniently located near several major highways, providing easy
access to shopping areas or a routine commute to work and are just steps away
from the Highland Bike Path.
Contact:
Bina Handa
Tel:
516.506.4229
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