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| 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.
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| 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
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