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Chicago & Midwest  + Midwest  + Finance  | 

Arbor Provides Fannie Mae Refi on Madison-Area Apartments

Arbor Realty Trust recently funded a Fannie Mae Small Loan in Sun Prairie, WI, a suburb of Madison. Stonewood Crossing, a 24-unit multifamily property, received $3.2 million in refinance funding through the program.

The loan includes a 30 year fixed-rate term and amortization schedule with one year of interest only. Geoffrey Platt of Arbor’s New York City office originated the loan.

“With some education and guidance, Arbor was able to help first-time agency clients navigate the loan process with ease,” said Platt. “The sponsors were able to lock in long-term debt, which aligned nicely with their financial strategy. Arbor looks forward to helping these sponsors grow their portfolio.”

Built in 2018, Stonewood Crossing provides in-unit features including air conditioning, stainless steel appliances, quartz countertops, washer/dryer systems, fireplaces and balcony/patio options. Community amenities include covered parking, emergency maintenance and access to a nearby trail.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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