Arbor Provides $2.03M Acquisition Loan For Utica Package Deal

A package deal consisting of multiple properties in Utica has been acquired through a loan, according to recent reports. The properties included in the deal are located at 404-406 Rutger St, 217-219 Rutger St, 1000-1002 Park Ave, 1151 Park Ave, 705-711 John St, and 1001 Lansing St. The package deal comprises a total of 57 units. The transaction was facilitated by Abe Mann of Mann Capital Advisors, who acted as the broker in the deal.

Summary of transaction details

• Property Type: Package Deal
• Transaction Amount: $2,030,000
• Loan Type: Acquisition
• Lender: Arbor
• Landlord: Jim Wilkinson
• Broker: Abe Mann - Mann Capital Advisors

The loan amount for the acquisition of these properties was $2,030,000. The lender involved in the transaction was Arbor. Jim Wilkinson is the landlord for the acquired properties. Abe Mann, representing Mann Capital Advisors, acted as the broker in the deal.