Finance v Wisconsin

Arbor provides $3.2 million in refinance dollars for Wisconsin apartments

Arbor provides $3.2 million in refinance dollars for Wisconsin apartments,ph01

Arbor Realty Trust, Inc. recently funded a Fannie Mae Small Loan in Sun Prairie, Wisconsin. Stonewood Crossing, a 24-unit multifamily property, received $3.2 million in refinance funding through the program. The loan includes a 30-year fixed-rate term and amortization schedule with one year of interest-only.

Geoffrey Platt of Arbor’s New York City office originated the loan.

Built in 2018, Stonewood Crossing provides in-unit features including air-conditioning, stainless steel appliances, quartz countertops, washer/dryer systems, fireplaces and balcony/patio options. Community amenities include covered parking, emergency maintenance and access to a nearby trail for jogging, hiking and cycling.