STONE MOUNTAIN, GA. — Arbor Realty Trust Inc. has provided a $47 million refinancing loan for 13Ten Apartment Homes, a 977-unit multifamily complex in Stone Mountain. The 12-year, fixed-rate Fannie Mae loan includes six years of interest-only payments. Stephen York of Arbor originated the loan on behalf of the undisclosed borrower. The asset, which is situated about 15 miles east of downtown Atlanta, was built in 1988 and renovated earlier this year. Community amenities include a fitness center, indoor and outdoor pools, business center, dog park, car-care center and a gazebo with a fishing pier. Local media outlets reported in April 2018 that there was a fire that destroyed 12 units within the apartment community. No details were provided if the refinancing is connected with the fire damage.
Community amenities at 13Ten Apartment Homes include a fitness center, indoor and outdoor pools, business center, dog park, car-care center and a gazebo with a fishing pier.
Arbor Provides $47M Refinancing Loan for Multifamily Complex in Metro Atlanta
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