Geoffrey Platt Of Arbor Realty Trust Secures $18 Million Loan For NeuRock Capital Multifamily Refinance

The asset involved in the transaction is a multifamily property comprising 99 units located in the Dallas/Fort Worth, Texas market. The loan amount for this property was $18,000,000, and it was achieved through a HUD 223(f) financing structure aimed at refinancing with cash out.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Originator: Geoffrey Platt - Arbor Realty Trust
• Borrower: NeuRock Capital
• Loan Type: HUD 223(f)
• Loan Purpose: Refinance Cash Out
• Units: 99
• Market: Dallas/Fort Worth, TX

The transaction was facilitated by Geoffrey Platt from Arbor Realty Trust, representing an innovative approach as it was the first time Arbor executed an HFC structure for a HUD 223(f) loan in Texas. This highlights the commitment to providing creative solutions in the affordable housing sector.