Arbor Refinances East Point Apartment
Built in 1970, Parkside at Camp Creek Apartments is located just southwest of Atlanta’s central business district.
EAST POINT, GA—Arbor Realty Trust, which specializes in loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets, recently funded a $21.7M Fannie Mae DUS Small Loan to refinance the debt on Parkside at Camp Creek Apartments, a 486-unit multifamily property in East Point, GA.
The deal was structured with a 7-6 ARM product on a 30-year amortization schedule.
Ryan Duff of Arbor’s New York City office originated the loan.
“Arbor was able to support our repeat client through a strategic product line,” Duff says. “We secured great long-term refinancing terms for our sponsor, after property improvements were made and cash flow increased during the original loan’s 12-month lockout period.”
Built in 1970, Parkside at Camp Creek Apartments is located just southwest of Atlanta’s central business district. This beautifully landscaped community offers 2-3 bedroom floor plans in both garden and townhome style layouts. Amenities include a clubhouse, laundry facility, fitness center, two swimming pools, playgrounds and a basketball court.