David Borge Of CBRE Secures $99.7 Million Refinance For Arbor Properties Multifamily Assets

The transaction involves refinancing for three multifamily properties, including two located in Lynn Haven and one in Tallahassee. The asset type encompasses a total of 721 units, and the loan amount secured is $99,700,000, featuring 10-year, fixed-rate terms with full-term interest-only payments at mid-5% rates.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $99,700,000
• Loan Type: Refinance
• Loan Terms: 10-year, fixed-rate terms and full-term interest-only payments
• Locations: 3900 Arbor Trace Drive, 3810 Buck Lake Road & 4201 County Road 390
• Market: Lynn Haven, Tallahassee & Panama City
• Landlord: Arbor Properties Inc
• Broker: David Borge - CBRE

This refinancing was secured by CBRE Capital Markets on behalf of Arbor Properties Inc. The financing arrangements include Fannie Mae loans for Arbor Trace and Arbor Crossing, along with a Freddie Mac loan for Arbor Landing, which highlights the strategic financing options pursued in this transaction.