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| Alexander Kaushansky |
UNIONDALE, NY, Aug. 12, 2019
– Arbor Realty Trust, Inc. (NYSE:ABR), a
leading multifamily and commercial mortgage lender, recently funded a Fannie
Mae DUS® Green Rewards Loan in Pembroke Park, FL.
The property received $23M in cash-out refinancing through
the program. The loan provides a 12-year fixed, full term rate with four years
of interest only.
Alexander Kaushansky of
Arbor’s New York City office originated the loan.
“We were glad to provide the bridge debt in order for our client to
stabilize and create value for Azure Villas and our borrower was also excited
to take advantage of the low rate FNMA loan,” Kaushansky said.
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| Azure Villas |
Azure Villas, a 226-unit
multifamily garden-style property, was built in 1971. On-site amenities include
a swimming pool, clubhouse, playground and common laundry area.
Azure is centrally located just minutes from downtown Ft.
Lauderdale and Miami with easy access to premium shopping, dining,
entertainment and nightlife.
Contact:
Bina Handa
Tel: 516.506.4229
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