The loan, which carries a six-month term with two, 12-month extensions, was originated by Fred Weber, EVP/managing director, and was underwritten by Arbor's Uniondale office. Additional terms of the transaction were not disclosed. The owner/borrower was not identified, but was described by Weber as "a repeat customer that we have closed several transactions with to date."
Arbor provides debt and equity financing for multifamily apartment complexes, senior and affordable housing, hotels, office, industrial and retail properties. Currently, the firm services more than $2 billion in loans.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
