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| Joseph Charneski |
UNIONDALE, NY– Arbor
Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial
mortgage lender, recently funded a bridge portfolio in Birmingham, AL.
The Contour Development Portfolio consists of two
properties: The Park at Callington and
Carlyle Apartments, and The Park at Buckingham.
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| The Contour Development Portfolio consists of two properties: The Park at Callington and Carlyle Apartments, and The Park at Buckingham |
The Park at Callington and Carlyle, a 1,233-unit multifamily property, received $63.2M in
funding through the program while The Park at Buckingham, a 583-unit multifamily
property, received $38.4M.
Joseph Charneski of
Arbor’s New York City office originated the loan.
The
Park at Callington and Carlyle, built in 1978, offers spacious apartments
featuring walk-in closets, private balconies, plantation blinds and ornamental
chair rails. The property offers three swimming pools, a fitness center,
illuminated volleyball and tennis courts, a playground and an on-site coffee
bar.
The Park at Buckingham was
built in 1972 and fully renovated in 2007. This gated community features many
outdoor amenities including a cyber café, pools, a playground, and lighted
tennis and volleyball courts.
Contact:
Bina Handa
Tel: 516.506.4229
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