Finance X Missouri

Arbor provides $43 million loan for Missouri apartments

Arbor provides $43 million loan for Missouri apartments,ph01

Arbor Realty Trust, Inc. recently funded a $43 million bridge loan in St. Charles, Missouri. Arbor provided the cash-out refinance loan with a 30-month floating rate for The Boulders at Katy Trail, a 314-unit multifamily property.

Brian Scharf of Arbor’s Uniondale office originated the loan.

Built in 2002, The Boulders at Katy Trail offers its residents features such as a 24-hour fitness center, movie theatre, indoor and outdoor pool with a clubhouse, putting green and on-site security. Its apartments are equipped with stainless steel appliances, granite countertops, crown molding, walk-in closets, full-size washers and dryers, and private decks or patios.