RALEIGH, NC-Mebane Apartments Associates secured a $10.8 million permanent first mortgage on Ashbury Square Apartments in Mebane. The new loan replaces initial construction financing for the property.
The Kalikow Group worked on behalf of Mebane Apartment Associates, a New York-based joint venture, to get the deal done with Arbor Commercial Funding, LLC. Edward Kalikow, president and CEO of the Kalikow Group, led the transaction.
“We chose Arbor Commercial Funding due to an existing relationship and our previous dealings with them,” Kalikow tells GlobeSt.com. “This is our fourth deal with Arbor in the last 90 days.” Arbor is a Fannie DUS lender.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
