Arbor Realty Trust announced it has funded $30 million in loans to refinance a dozen multifamily properties across Connecticut and Georgia.
Robert Mendeles of Arbor’s Englewood Cliffs office originated the loans with Tower Funding. Netz Capital Management is the borrower.
“Arbor excels at creating long-lasting relationships because we understand our clients and their financial needs,” Mendeles said.
“For nearly a decade we have partnered with Netz Capital Management and Tower Funding, providing innovative solutions across multiple product lines. These transactions exemplify our continued ability to deliver for our valued clients year after year.”
Eight properties in New Haven, CT, received funding through the Fannie Mae DUS Small Loan program including Boulevard Apartments, 215 Fairfield Street, 1445 Ella T. Grasso Blvd. , 36 Derby Ave. two T&G Investments portfolios, 1523 Chapel Street and 141 Sheffield Ave
One property in Marietta, GA, received refinancing through the Fannie Mae DUS Loan program and two additional properties in New Haven, CT, received funding through the Single-Family Rental Portfolio program. Another property in New Haven, CT, received refinancing through the Freddie Mac SBL program.