Real Estate Weekly
Image default
Deals & Dealmakers

Arbor arranges apartment financing

RYAN DUFF

Arbor Realty Trust funded a $10.6 million acquisition loan in Forest Park, GA.

Arbor provided the loan for Wingate Apartments, a 211-unit complex. Financing for the acquisition includes a two-year, floating rate senior loan and a $1.1M preferred equity component.

Ryan Duff of Arbor’s New York City office originated the loan.

“This loan is a good example of how we at Arbor focus on relationship-building and providing our borrowers with the most beneficial loan options,” said Duff.

“The preferred equity portion of the loan gives Wingate a lower cost, fixed-rate scenario that provides advantages over common equity investments.”

Built in 1965, Wingate newly renovated one-, two- and three-bedroom rentals with amenities including high-speed internet access; washer/dryer hook-ups; and t access to shopping and entertainment.

(Visited 1 times, 1 visits today)

Related posts

Mesa West Capital Finances Acquisition of 534,000-SF Office Complex in Charlotte, N.C.

REW

The Brodsky Organization Announces Full Lease Up of Plank Road at Pacific Park

REW

NAI DiLeo-Bram & Co.’s Robert Dinner Closes over 33,000 Square Feet of Leases at Metroplex Corporate Center in Edison, NJ

REW