Finance V Michigan

Arbor provides $4 million refi loan for Detroit apartment building

Arbor provides $4 million refi loan for Detroit apartment building,ph01

Arbor Realty Trust recently funded a Freddie Mac SBL deal in Detroit. Van Dyke Apartments, a 40-unit multifamily property, received $4 million in refinance funding through the progrma.

The loan features a 20-year hybrid term with three years of interest-only on a 30-year amortization schedule.

Michael Jehle of Arbor’s Oklahome office originated the loan.