Arbor Realty Trust, Inc. recently funded a CMBS loan in Brooklyn, NY.
The 41-unit mixed-use property received $11,000,000 for refinance cash out under Arbor’s CMBS Program. The deal provides a five-year fixed, interest-only term.
Vincent Chiodo of Arbor’s New York City office originated the loan.
“Arbor offers one of the most diverse loan product lineups in the industry, from Fannie Mae to FHA to CMBS, Bridge and Mezzanine lending. Our expansive product platform and strong geographic reach, allows us to consistently deliver financing expertise to our clients, wherever they do business,” said Chiodo
The fully renovated prewar property is located in Williamsburg, steps from the East River, local hotspots and multiple subway lines.
Building amenities include two retail units, elevator service, laundry facility, high end appliances, a modern lobby entrance and rooftop deck