Arbor Funds $12M Bridge Loan in College Park, GA
UNIONDALE, NY (December 5, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $12M bridge loan in College Park, GA. Arbor provided three-year financing for the 240-unit multifamily property.
Eric Regenbogen of Arbor’s Uniondale office originated the loan.
“Finding the right financial solutions for our business partners is something we take pride in,” Regenbogen said. “This loan allowed our client to leverage short-term financing, while ensuring a seamless transition to long-term financing.”
Built in 1971, the three-story apartment complex was recently renovated. It features one-, two- and three-bedroom units with walk-in closets, carpeting and granite kitchen countertops. The property has a clubhouse, swimming pool, tennis court and playground, as well as a business center. Shopping, dining, and the MARTA bus line are nearby.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
College Park, GA
Eric Regenbogen – Originations