News:
Brokerage
Posted: September 18, 2018
Outside the Region: Arbor funds $15.9 million bridge loan transactions
Live Oak, TX Arbor Realty Trust, Inc. funded bridge transactions for two multifamily properties.
The two properties, comprised of 308 total units, received $15.9 million in combined bridge loan funding. The deal provides a 36-month term with two 12-month extension options.
Brian Scharf of Arbor originated the loan.
“We’ve established a long-term relationship with the borrower, having done deals together in many different markets,” Scharf said. “From San Antonio to Austin to Raleigh/Durham – over 30 loans total. It’s a true testament to the partnership Arbor forms with its clients.”
The properties, located in the Greater San Antonio area, were built in 1969 and 1982. Located in a fast-growing metro area, the apartments offer amenities, including three swimming pools and laundry facilities, while also being in close proximity to notable attractions such as the San Antonio River Walk, Missions National Historical Park, and The Alamo.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
.gif)
September Promotion
