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| Eugene Yanovskiy |
UNIONDALE,
NY – Arbor Realty Trust, Inc. (NYSE:ABR),
a leading multifamily and commercial mortgage lender, recently announced the
funding of three Fannie Mae loans totaling $13.7M in Wichita, KS.
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| Kingston Cove Apartments, Wichita, KS |
Kingston
Cove Apartments received $8.9M in acquisition financing, with a 12-year
fixed rate, one year of interest only payments and a 30-year amortization,
through the Fannie Mae DUS® program.
Set
on the shore of a private 20-acre lake,
the 252-unit complex includes one- and two-bedroom apartments. It also features
a fitness center, pool, volleyball court, clubhouse, boat dock and on-site boat
storage. Fine dining, retail shopping and OJ Watson Park are nearby.
The
Danish Village Apartments received $2.1M in acquisition funding,
with a 12-year fixed rate through Fannie Mae Small Loan program.
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| Danish Village Apartments, Wichita, KS |
The
recently remodeled, 78-unit complex features spacious, one- and two-bedroom
apartments with new appliances, carpets
and vinyl floors. Retail shopping and the McConnell Air Force Base are within a
short driving distance.
Pine
Creek Apartments received $2.7M in acquisition financing, with a 12-year
fixed rate and a 30-year amortization, through the Fannie Mae Small Loan
program.
The
68-unit property features two-bedroom apartments and a playground. Just three
miles from Downtown Wichita, the complex is conveniently located to local golf
courses and parks.
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| Pine Creek Apartments, Wichita, KS |
Eugene Yanovskiy of Arbor’s New York City office originated the loans.
“At
Arbor, we value the long-term partnerships we have with our borrowers,”
Yanovskiy said. “These deals exemplify our continued commitment to providing
customized financial solutions for our clients to ensure they meet their
intended goals.”
CONTACT:
Bina
Handa
Tel:
516.506.4229
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