Tuesday, August 27, 2019

Arbor Funds Fannie Mae Small Loans Totaling $8.3 Million in Philadelphia, PA and Milwaukee, WI

                                     
Eric Regenbogen

UNIONDALE, NY, Aug, 27, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed two Fannie Mae Small Loans providing $8.3M in acquisition funding.

Located in the Roxborough area of Philadelphia,
 6161 Ridge Avenue is 
 a 27-unit, four-story complex
  
 6161 Ridge Ave. in Philadelphia, PA, a 27-unit, four-story complex, received $5.4M, while 28 West Apartments in Milwaukee, WI, an 89-unit, three-story property, received $2.9M.

Eric Regenbogen of Arbor’s Uniondale office originated the loans.


28 West Apartments in Milwaukee, WI
is an 89-unit, three-story property.

“This is a perfect example of how acquisitions in two different markets benefitted from customized  Fannie Mae executions,” said Regenbogen. “And, it clearly demonstrates Arbor’s superior expertise and deep relationships with the lending agencies.”

Located in the Roxborough area of Philadelphia, 6161 Ridge Ave. delivers amenities ranging from stainless steel appliances to on-site parking options. It’s also a quick walk or drive to local shopping centers, colleges, mass transit and recreation.

28 West Apartments is conveniently located near downtown Milwaukee with easy highway access.

The residences feature new kitchen cabinets, countertops and appliances; spacious closets; wall-to-wall carpeting and window coverings; on-site laundry facilities; and 24-hour emergency maintenance.

Contact:

 Bina Handa
Tel: 516.506.4229

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