Monday, December 23, 2019

Arbor Funds $2.9 Million Fannie Mae Small Loan in Miami, FL



 James Fiesel
  
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Miami, FL.

The property received $2.9M in financing with a 15-year fixed rate, four years of interest only payments, and a 30-year amortization schedule through the program. 

 James Fiesel of Arbor’s New York City office originated the loan.

 The Vegas Apartments, Miami, FL

 “This deal highlights Arbor’s ability to conceptualize and deliver innovative financial solutions for our clients,” Fiesel said. “As trusted partners, we are committed to finding products and loan terms that support our clients’ long-term goals.”   
   
 The Vegas Apartments were built in 1969. The low-rise multifamily complex is made up of 30-units, and features a swimming pool and Zen Garden.
There are on-site parking options in the gated community, which is conveniently located to retails shops, commuter rail and the University of Miami.

Contact:

Bina Handa
Tel: 516.506.4229


No comments:

Post a Comment