Arbor Lending Group Provides $379.62M Loan For GSH Real Estate Multifamily Portfolio

8375 Honeytree Boulevard, 27517 Gateway Drive North, 31200 Hunters Drive, 2770 Pine Knoll Drive & 5284 Marlboro Pike

$379,620,000

$151/SF

Building Size

2,500,000 SF

Asset Type

MultiFamily

Closing

May 10, 2024

AI

The multifamily property portfolio involved in the transaction includes 8375 Honeytree Boulevard, 27517 Gateway Dr. E., 31200 Hunters Dr., 2770 Pine Knoll Dr., and 5284 Marlboro Pike. The assets are located in Canton, Farmington Hills, Auburn Hills, MI, and Capitol Heights, MD. The total number of units across these properties amounts to 2,021.

Summary of transation details:

Property Type: Multifamily
Transaction Amount: $379,620,000
Lender: ArborLending Group
Landlord: GSH Real Estate
Brokers: Clifford Welden, Anthony Orso & Henry Stimler - Newmark
Loan Type: Recapitalization
Loan Terms: 5-Asset Loan Modification

Clifford Welden, Anthony Orso, and Henry Stimler from Newmark acted as the brokers in the deal, facilitating the transaction between the parties involved. GSH Real Estate served as the landlord overseeing the multifamily properties across different locations. Arbor Lending Group provided the loan for the recapitalization, amounting to $379,620,000 with specific terms for the 5-Asset Loan Modification.

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