Arbor provides more than $13 million in apartment financing in Wichita April 23, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Arbor Realty Trust, Inc. provided the funding for three Fannie Mae loans totaling $13.7M in Wichita, Kansas. Kingston Cove Apartments received $8.9 million in acquisition financing, with a 12-year fixed-rate, one year of interest-only payments and a 30-year amortization, through the Fannie Mae DUS® program. Set on the shore of a private 20-acre lake, the 252-unit complex includes one- and two-bedroom apartments. It also features a fitness center, pool, volleyball court, clubhouse, boat dock and on-site boat storage. Fine dining, retail shopping and OJ Watson Park are nearby. The Danish Village Apartments received $2.1 million in acquisition funding, with a 12-year fixed-rate through Fannie Mae Small Loan program. The recently remodeled, 78-unit complex features spacious, one- and two-bedroom apartments with new appliances, carpets and vinyl floors. Retail shopping and the McConnell Air Force Base are within a short driving distance. Pine Creek Apartments received $2.7 million in acquisition financing, with a 12-year fixed-rate and a 30-year amortization, through the Fannie Mae Small Loan program. The 68-unit property features two-bedroom apartments and a playground. Just three miles from Downtown Wichita, the complex is conveniently located to local golf courses and parks.