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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.
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