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MichiganFinance

Arbor provides $4 million refi loan for Detroit apartment building

April 29, 2019
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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.

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