Eastern Union Secures $14.75M Refi for Two Mobile Multifamily Properties
Eastern Union has arranged $14.75 million in refinancing for two multifamily properties in Mobile, AL.
The first property is the 214-unit Linx Plaza Apartments at 6964 Airport Boulevard. The 16-building, two-story site was constructed in 1976 and carries 108,858 square feet in net rentable area.
The second asset is the 120-unit Plantation Apartments at 5725 Old Pascagoula Road. This venue consists of 10 two-story structures. It was built in 1977 and comprises 79,040 square feet in net rentable area.
The transactions were executed by senior loan consultant Alex Jaffa and senior managing director Michael Muller. The borrower was Lawrence Liebhard of L2 Investments, a real estate acquisition firm with a focus on value-add multifamily properties. The lender was Arbor Realty Trust.
The Eastern Union team arranged for $9.195 million in refinancing for Linx Plaza Apartments $5.552 million for Plantation apartments.
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.