Arbor Provides $16.5M Loan for Refinancing of Apartment Property in Lansing, Michigan

Now known as Towne Square Apartments, the property features 532 units.

LANSING, MICH. — Arbor Realty Trust Inc. has provided a $16.5 million loan for the refinancing of Towne Square Apartments in Lansing. Formerly known as College Towne West, the property features 532 units. The property is located near Michigan State University and includes amenities such as a sauna and tanning bed. Michael Jehle of Arbor originated the loan, which features a 29-year amortization schedule.

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