Arbor Funds $43M Bridge Loan in St. Charles, MO
UNIONDALE, NY (June 17, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $43M 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 luxurious community features such as 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, crown molding, walk-in closets, full-size washers and dryers, and a private deck or patio.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, 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.
The Boulders at Katy Trail – St. Charles, MO
Brian Scharf – Vice President, Originations