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| Robert Mendeles |
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR), a leading
multifamily and commercial mortgage lender, recently funded a Freddie Mac
Small Balance Loan (SBL) in Marietta, GA.
Balfour Marietta, a 98-unit multifamily property,
received $6.4M in refinance funding through the transaction. The hybrid loan
provides a five year, fixed-rate term.
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| Balfour Marietta Apartments, Marietta, GA |
“This borrower has closed in
excess of 20 loans with Arbor across the full spectrum of our product
lines," said Mendeles. "Balfour Marietta represents a refinance
of a previous bridge loan the customer used to purchase the property and
upgrade the units.
“The borrower is a very active buyer in the Marietta market
and the bridge to permanent execution is the perfect financing solution.”
Contact:
Bina Handa
Tel: 516.506.4229
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