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| The Boulders at Katy Trail, a 314-unit property at St. Charles, MO |
UNIONDALE,
NY, June 17, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and
commercial mortgage lender, recently funded a $43M bridge loan in St. Charles,
MO.
Arbor
provided the cash-out refinance loan with a 30-month floating rate for The
Boulders at Katy Trail, a 314-unit property.
Brian
Scharf of Arbor’s
Uniondale office originated the loan.
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| Brian Scharf |
“Arbor was
able to deliver competitive terms on a structured transaction for a long-time
client,” said Scharf. “This is another great example of how we at Arbor always
make client satisfaction and long-term relationships our number one priority.”
Built in
2002, The Boulders at Katy Trail offers its residents luxurious community
features such as a 24-hour fitness center, movie theatre, indoor and outdoor
pool with a clubhouse, putting green and on-site security.
Its apartments are equipped with stainless
steel appliances, granite countertops, crown molding, walk-in closets,
full-size washers and dryers, and private decks or patio
CONTACT
Bina Handa
Tel:
516.506.4229
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