Thursday, May 21, 2020

Arbor Funds $28 Million Fannie Mae DUS® Loan in Houston, TX


                              
Casa Verde Apartments were built in 1973 and renovated in 2010.

 UNIONDALE, NY, May 21, 2020 – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Houston, TX. The Casa Verde Apartments received $28M in refinance funding through the program.

 Brian Scharf of Arbor’s Uniondale office originated the loan.

 “This transaction highlights our ongoing ability to provide liquidity to our borrowers in the current environment,” Scharf said. “At Arbor, we take pride in finding customized financial solutions that result in successful outcomes for our clients.” 

 Brian Scharf 
  
 Casa Verde Apartments were built in 1973 and renovated in 2010. The 384-unit complex includes one-, two-, three- and four-bedroom floor plans with central air conditioning, walk-in closets and hardwood flooring.

The gated property features a clubhouse, swimming pool and playground.  Shopping, dining and entertainment are nearby.

Contact:

 Bina Handa
Tel: 516.506.4229

No comments:

Post a Comment