"This transaction demonstrated Arbor's continued ability to produce a "one stop shop" of financing products for borrowers," says Arbor executive vice president Dan Palmier. "The Arbor companies provided a mezzanine loan through its newly formed structure finance REIT and a dual early rate lock Fannie Mae loan deal." Arbor tells GlobeSt.com that the properties involved were all developed in the 1970s, and feature multiple garden-style structures, except for one property that has several low-rise buildings and one high-rise. The eight apartment communities account for a total of 2,450 residential units.
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