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| 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.”
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| 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
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