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ARA Forms Financing Joint Venture

ATLANTA-The new service with CW Capital expands the firm beyond multifamily brokerage.

By Carl Cronan | Updated on April 14, 2009

ATLANTA-Locally based Apartment Realty Advisors has formed a new mortgage financing and capital sourcing service with Boston-based CW Capital. The joint venture, dubbed ARA Finance, will serve the firm’s clients in multifamily property brokerage, an area in which it has been solely focused for the past six years.

“Our clients certainly had their pick of any multitude of financing platforms, but they made it clear that they wanted ARA to provide the financing services,” says Gary Kachadurian, the company’s chairman. “This is a natural expansion of ARA’s platform where we’re enhancing our service delivery model to include the very critical financing component.”

Kachadurian spearheaded the formation of ARA Finance with principal Marc deBaptiste and COO Lisa Robinson. After studying strategy for more than a year, including consideration of starting its own platform, the firm chose to join with CW Capital, a leading lender under Fannie Mae, Freddie Mac and the Federal Housing Administration.

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