Arbor Realty Trust Provides $150M Refinance Loan For Multifamily Property In Hallandale Beach

The multifamily property located at 501 Diplomat Pkwy in Hallandale Beach has recently undergone a refinancing transaction. The loan amount for this transaction was $150,000,000. The lender involved in this deal is Arbor Realty Trust, represented by Ivan Kaufman and Alex Kaushansky. The landlord of the property is PPG Development, with Ari Pearl and Michael Herman from Premium Capital as the key individuals.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $150,000,000
• Address: 501 Diplomat Pkwy, Hallandale Beach
• Market: Hallandale Beach
• Lender: Arbor Realty Trust - Ivan Kaufman & Alex Kaushansky
• Landlord: PPG Development - Ari Pearl; Michael Herman - Premium Capital

The loan provided by Arbor Realty Trust for the refinancing of this multifamily property reflects their positive sentiment towards the asset and its location. The involvement of PPG Development in the property adds further value to the deal.