Arbor Realty Trust Provides $30M Acquisition Loan For Tucson Multifamily Property

The multifamily property located at 3985 N Stone Ave in Tucson, AZ has recently undergone a closed transaction. The property consists of 232 units and was acquired by Vertical Street Ventures.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not specified

The loan for the acquisition was provided by Arbor Realty Trust. Barry Lefkowitz and Scott Rosenstock from Meridian Capital Group represented the buyers as brokers in the deal. The loan amount totaled $30,000,000 and was an acquisition loan with a 36-month term. The loan features an interest-only payment structure with a spread of 4.05 percent.