Arbor: Arbor Realty Trust Lends $23M for South Carolina Apartments Purchase

Conserve Holdings has nabbed $23.2 million of acquisition financing to purchase a South Carolina multifamily asset, Commercial Observer has learned. Arbor Realty Trust provided the three-year, nonrecourse loan on the real estate investor's $32.9 million purchase of the 210-unit Cove at Ridge property in Lyman, S.C., from Universal Development & Construction. Stephen York, managing director [...]