Arbor Realty Trust Provides $20 Million Loan For East Orange Multifamily Portfolio Acquisition

The asset involved in this transaction is a multifamily portfolio located at 30 Summit Street, 279 4th Avenue, 121 North Walnut Street, 262-264 North Maple Avenue, and 10-46 Ellington Street in the East Orange market. The total loan amount for this acquisition is $20,000,000 with loan terms of 36 months interest-only payments and a 5-year term.

Summary of transaction details:

• Property Type: Multifamily Portfolio
• Transaction Amount: $20,000,000
• Lender: Arbor Realty Trust
• Landlord's Representative: Brad Domenico, Frank Stanislaski & Ethan Thompson - Cushman & Wakefield
• Loan Type: Acquisition
• Loan Terms: 36 months I/O, 5 Year Term

This transaction features key individuals from Cushman & Wakefield as the landlords' representatives, including Brad Domenico, Frank Stanislaski, and Ethan Thompson, who played pivotal roles in facilitating the deal.