REBusinessOnline

Arbor Realty Trust Provides $29.5M Acquisition Loan for Dallas Apartment Community

Alexan-Riveredge-Dallas

Alexan Riveredge in Dallas totals 309 units. The property was built in 2016.

DALLAS — Arbor Realty Trust Inc. (NYSE: ABR) has provided $29.5 million in Fannie Mae acquisition financing for Alexan Riveredge, a 309-unit apartment community in Dallas. Built in 2016, the property offers amenities including a resort-style pool, rooftop lounge, fitness center, jogging trails, business center and a game room. Units feature granite countertops, walk-in closets, washer and dryer connections and private balconies in select residences. Greg Gillam of Arbor Realty Trust originated the loan, which carries a 10-year term and a fixed interest rate, on behalf of the undisclosed borrower.

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