Real Estate Weekly
Image default
Banking and Finance

Arbor fund $43M bridge financing

Arbor Realty Trust funded a $43 million bridge loan in St. Charles, MO.

Arbor provided the cash-out refinance loan with a 30-month floating rate for The Boulders at Katy Trail, a 314-unit property.

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

“Arbor was able to deliver competitive terms on a structured transaction for a long-time client,” said Scharf. “This is another great example of how we at Arbor always make client satisfaction and long-term relationships our number one priority.”

Built in 2002, The Boulders at Katy Trail offers its residents a 24-hour fitness center, movie theatre, indoor and outdoor pool with a clubhouse, putting green and on-site security. Its apartments are equipped with stainless steel appliances, granite countertops, and private decks or patios

(Visited 1 times, 1 visits today)

Related posts

Wilshire Lane Capital Launches New Fund to Invest in the Rapidly Growing PropTech Space


Pearlmark Welcomes Steve Gordon, Managing Director


Marcus & Millichap arranges the sale of a 42,296-sf Industrial Park