Arbor Realty Trust Provides $22.95M Refinance Loan For Palm Breeze Townhomes

The Palm Breeze Townhomes, located at 2439 Southeast 14th Street in Homestead, is a multifamily property consisting of 146 units spread across 267,000 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,946,000
• Units: 146
• Square Footage: 267,000
• Address: 2439 Southeast 14th Street
• Market: Homestead

Arbor Realty Trust provided a loan amount of $22,946,000 for the refinancing of the Palm Breeze Townhomes. The landlords of this property are Jay Bailyn and Michael Sprotzer from SB Real Estate Capital, while the broker involved in the deal was Alex Pappas representing Americavest.