Arbor Provides $24.8M Cash-out Refinance Loan For The Pointe At Myrtle Beach Multifamily

The Pointe at Myrtle Beach, located at 3815 Maypop Circle in Myrtle Beach, SC, has recently undergone a cash-out refinance transaction. The multifamily property, owned by Loboda Properties and Michael Loboda, secured a loan amount of $24,758,000 through Arbor - Freddie Mac. This loan type allows the borrower to access the equity built in the property for other purposes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,758,000
• Lender: Arbor - Freddie Mac
• Landlord: Loboda Properties - Michael Loboda
• Loan Type: Cash-out Refinance

The involvement of Loboda Properties and Michael Loboda as the property's landlord highlights their role in securing the cash-out refinance loan. This transaction allows them to leverage the equity in The Pointe at Myrtle Beach for other real estate ventures or business purposes.