Arbor Funds $1.2 Million Fannie Mae Small Loan in St. Petersburg, FL

 

 Michael Noll 

               

UNIONDALE, NY (Jan. 6, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in St. Petersburg, FL. The property, Garden Court Apartments, received $1.2M in financing from the program.

 Michael Noll of Arbor’s New York City office originated the loan.

“This refinance deal allowed our client to acquire a lower interest rate, while securing a foothold in the niche market of the thriving St. Petersburg, FL, region,” Noll said.

“This is a perfect example of how our close, long time partnership with Fannie Mae enables us to meet and exceed the needs of our diverse clients, large and small, all across the country.”

Garden Court Apartments, St. Petersburg, FL

This pet-friendly apartment community was built in 1957 and has 18 units featuring open concept floor plans, updated baths and remodeled kitchens.

The complex is a short drive to Gulf beaches and family-friendly attractions such as the Education Innovation Center, Secrets of the Sea Marine Exploration Center and Aquarium, and Great Explorations Children's Museum.

Contact:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com