Arbor Realty Trust Provides $43.9M Bridge Loan For Multifamily Property In Gainesville

A bridge loan in the amount of $43,900,000 has been secured for the multifamily property located at 2220 Southwest 34th Street and 500 Southwest 34th Street in Gainesville. The property consists of 380 residential units and is owned by Cyclone Group, represented by Archie Eichorn and Charles Aryeh. The loan, provided by Arbor Realty Trust, will serve as a full-leverage bridge loan with 100 percent of the capital expenditures future funded.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $43,900,000
• Units: 380
• Lender: Arbor Realty Trust
• Landlord: Cyclone Group - Archie Eichorn & Charles Aryeh

The transaction was facilitated by brokers Henry Stimler, Bill Weber, Ari Schwartzbard, James Maynard, and Kyle Schlitt from Newmark, representing Cyclone Group. Additionally, Ryan Moody, Andrew Visnick, and Kyle Kundiger from Newmark served as the sale brokers for the deal.