Dealmaker: Arbor Funds $178M in Southeastern U.S. Loans
Arbor Realty Trust, Uniondale, N.Y., closed 18 deals totaling $177.8 million in the Southeastern U.S.
Alexander Kaushansky, Vice President in Arbor’s New York City office, originated the loans.
–Crestview Manor Apartments in Paris, Tenn., received $10.5 million in refinancing through the Fannie Mae Multifamily Affordable Housing program. The pet-friendly community has 52 units with one-, two- and three-bedroom floorplans.
–Concord View Townhomes in Concord, N.C., received $10.5 million in refinancing through the Freddie Mac Conventional Loan program.
The following three properties located in the Carolinas were refinanced through the Fannie Mae Delegated Underwriting and Servicing program:
–Villas at Garden Way in Rock Hill, S.C., received $6.8 million. The 96-unit complex offers studio, one-, two- and three-bedroom floorplans within walking distance to historic downtown Rock Hill. Winthrop University and Piedmont Hospital are nearby.
–Crown Point at Sunset in Salisbury, N.C., received $8.3 million. Built in 2002, the 108-unit property has granite countertops, stainless steel appliances and hardwood floors.
–Crown Point Townhomes in Charlotte, N.C., received $20 million.
Four additional South Carolina properties received refinancing through Fannie Mae’s Small Loan program during the third quarter:
–Country Club Apartments in Rock Hill received $5.4 million. The garden-style property is located 30 minutes from uptown Charlotte.
–Fort Mill I-Bollin Circle in Fort Mill received $4.4 million, Fort Mill II-Drane Circle received $3.6 million and Fort Mill III-Banks Road received $3.2 million.
Arbor Realty Trust also secured bridge acquisition funding for nine properties:
–Capital Square Apartments in Savannah, Ga., received $15.8 million.
–Edge Townhomes in Charlotte received $3.6 million. The two-bedroom community is located halfway between downtown Charlotte and the University of North Carolina at Charlotte.
–The Edge at Noda in Charlotte received $17.5 million.
–Sage Point Apartments and Townhomes in Charlotte received $9.6 million. The 144-unit community includes one- and two-bedrooms with hardwood floors and granite kitchen countertops.
–Doral Apartments in Charlotte received $11 million.
–Tryon Forest Apartments, a 169-unit community in Charlotte, received $10.8 million.
–Bradford Commons in Charlotte received $5.6 million.
–Ponderosa Apartments in Charlotte received $5.7 million.
–Forestbrook and Sunset Village in Charlotte received $25.5 million. These two properties offer 360 units minutes away from downtown Charlotte.
