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Arbor Realty Trust Provides $10.8M Fannie Mae Loan for Refinancing of Houston Apartments

Capewood-Apartments-Houston

Capewood Apartments in Houston totals 176 units. The property was built in 1976.

HOUSTON — Arbor Realty Trust Inc. (NYSE: ABR) has provided a $10.8 million Fannie Mae loan for the refinancing of Capewood Apartments, a 176-unit multifamily community in Houston. The property was built in 1976 and offers amenities such as a pool, playground and onsite laundry facilities. Brian Scharf of Arbor Realty Trust originated the loan, which carries a seven-year term and a fixed interest rate, on behalf of the undisclosed borrower.

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