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TRANSACTIONS: GCP Capital Group arranged mortgage financing in the aggregate amount of $49,137,500 – Arbor Realty Trust, Inc. funded a Freddie Mac Small Balance Loan (SBL) in Marietta. $34,000,000 for a 32-story multifamily apartment building containing 250 units, located in Kew Gardens, Queens,
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Offering financing for apartment buildings, otherwise known as multi-family properties, is an excellent strategy for brokers to expand their business offering and client base. To qualify as a multi-family investment property, the building must have five or more dwellings (apartments), whereas buildings with four or less units are still.
Multifamily financing is used to purchase or refinance multifamily properties and apartment buildings.. These government-backed loans also referred to as "small balance loans" or simply "multifamily loans.". Finding a multifamily loan for an apartment building can be accomplished.
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