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Brokerage
Posted: July 3, 2018
Madacsi of Arbor Realty Trust originates $3.296 million Freddie Mac SBL loan
Arbor Realty Trust, Inc.
Yonkers, NY Arbor Realty Trust, Inc. has funded a $3.296 million Freddie Mac SBL deal. A 50-unit multifamily property at 48 Caryl Ave. received the acquisition funding. The deal provides a five-year fixed-rate nonrecourse loan term with a 30-year amortization schedule.
Matt Madacsi of Arbor originated the loan.
“Arbor was able to secure favorable financing terms that not only met our client’s expectations, but far exceeded them. Our Arbor Loan Express (ALEX) platform delivered a smooth, efficient and transparent underwriting process that continues to impress borrowers and brokers alike,” said Madacsi.
Located in Westchester County, this five-story apartment building offers 1-3 bedroom rentals.
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