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Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte
FINANCEDMultiFamily

Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte

$25,271,000

$252/SF

Building Size

100,000 SF

Asset Type

MultiFamily

Closing

Feb 28, 2025

AI

The transaction involves a multi-family asset consisting of 296 units located in the Charlotte market. The financing includes a refinance loan from Arbor Realty Trust. The loan amount secured for this property is $25,271,000 with a term of 10 years.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $25,271,000
  • Lender: Arbor Realty Trust
  • Loan Originators: Geoffrey Platt & Jake McMahon
  • Broker: David Fryer & Will Gallagher - G.S. Wilcox & Co
  • Loan Type: Refinance
  • Loan Terms: 10 year
  • Units: 296
  • Market: Charlotte

Geoffrey Platt and Jake McMahon originated the loan for the respective multi-family asset. The transaction was brokered by David Fryer and Will Gallagher from G.S. Wilcox & Co, facilitating the refinance process between the involved parties.

Players

David Fryer

Broker

$215.6M

vol

6 deals

Broker
Arbor Realty Trust
Arbor Realty TrustLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93