Arbor Realty Trust Provides $32.69M Refinance Loan For Houston Multifamily

An FHA 223(f) refinance loan has been provided by Arbor Realty Trust, led by Ronen Abergel, to a repeat client for a 300-unit luxury community located at 12850 Perry Road in Houston, Texas. The borrower initially acquired and leased up the asset with the help of Arbor's bridge product. Once the property stabilized, the borrower was able to secure the FHA 223(f) loan, allowing them to exit the bridge position. The loan amount for this refinance transaction is $32,690,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,690,000
• Units: 300
• Square Footage: 292,500
• Address: 12850 Perry Road, Houston
• Lender: Arbor Realty Trust
• Loan Type: Refinance

Ronen Abergel, representing Arbor Realty Trust, played a key role in securing this refinance loan for the luxury community in Houston. Arbor Realty Trust not only works with HUD but also partners with Fannie Mae and Freddie Mac, offering fixed rate loans across the nation. For more information on how Arbor can assist with your financing needs, reach out to Ronen Abergel at [email protected] or (917) 664-9242.