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| Robert Mendeles |
UNIONDALE,
NY – Arbor
Realty Trust, Inc. (NYSE:ABR),
a leading multifamily and commercial mortgage lender, recently funded 12
transactions in CT and GA in
partnership with Netz Capital Management and Tower Funding. The properties,
comprised of 402 units, received $30.1M in financing.
Robert
Mendeles of Arbor’s Englewood Cliffs office originated the loans.
“Arbor
excels at creating long-lasting relationships because we understand our clients
and their financial needs,” Mendeles said.
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| Boulevard Apartments, New Haven, CT |
"These transactions exemplify our continued
ability to deliver for our valued clients year after year.”
HIGHLIGHTS
OF TRANSACTIONS
Eight
properties in New Haven, CT, received funding through the Fannie Mae
DUS® Small Loan program:
Boulevard
Apartments received $1.9M in refinancing in the second quarter of 2020. The
recently renovated complex features 24 units with spacious floorplans and
hardwood floors. Retail shopping and entertainment are in close proximity.
215 Fairfield Street received $1.4M in refinancing in the second quarter of 2020.
Located about three miles from downtown New Haven, the 16-unit complex is near to Southern Connecticut State University and West Rock Nature Center.
1445 Ella T. Grasso Blvd. received
$877,000 in refinancing in the second quarter of 2020. The multifamily property
is made up of 14 units with hardwood floors and plenty of closet space. A
variety of restaurants and retails shops are within walking distance.
36
Derby Ave. received $1.1M in refinancing in the second quarter of 2020. The
recently renovated Victorian-themed complex features 20, one-bedroom units with
ample closet and storage space. Yale University is just two miles away.
T&G
Investments Portfolio received $2.1M in refinancing in the second quarter of
2020. The 47-unit property features spacious one-bedroom floorplans with
hardwood floors. Dining, entertainment and Yale University are nearby.
T&G
Apartments Portfolio received $2.3M in refinancing in the third quarter of
2020. The multifamily complex includes 38 units with hardwood floors. It is
conveniently located near parks, grocery stores, public transportation and
other amenities.
 |
| 215 Fairfield Street, New Haven CT |
1523 Chapel Street received $3.2M in refinancing in the third quarter of 2020. The 45-unit property features two-bedroom units with high ceilings, hardwood floors, granite kitchen countertops and stainless steel appliances. Barnard Nature Center at West River Memorial Park is within walking distance.
141
Sheffield Ave. received $2.3M in refinancing in the fourth quarter of 2020. The
recently renovated multifamily complex includes 28 units with stainless steel
appliances, ample storage space and gated private parking. Albert Magnus
College is a few blocks away.
One
property in Marietta, GA, received refinancing through the Fannie Mae
DUS® Loan program:
Balfour
Marietta received $8.7M in the second quarter 2020. The secluded 98-unit
property is recently renovated and features modern flooring, new kitchen
appliances and quartz countertops. Retail shopping is nearby.
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| Balfour Marietta apartments |
Two
additional properties in New Haven, CT, received funding through the Single-Family
Rental Portfolio program:
11
Willis Street received $2.1M in refinancing in the third quarter of 2020. The
20-unit property is conveniently located to Downtown New Haven, Yale and local
hospitals.
111
Bristol Street received $3.1M in refinancing in the fourth quarter of 2020. The
37-unit pet-friendly property features one- and two-bedroom apartments with
hardwood floors and large closets. Retail shopping is nearby.
Another property in New Haven, CT, received refinancing through the Freddie Mac SBL program:
119
Blake Street received $1.1M in the third quarter of 2020. The multifamily
complex includes 15 units with one to four bedroom floorplans. Retail shopping
and the commuter rail are a short driving distance away.
CONTACT:
Bina
Handa
Tel:
516.506.4229
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