Uniondale-based Arbor Realty Trust is raising $100 million that should let it increase real estate lending and otherwise grow its business.
The company plans to raise the funds through a $100 million private placement at a 4.75 percent interest rate expected to close on or about October 15.
Arbor plans to use the net money to make investments relating to its business and for general corporate purposes.
Arbor is a real estate investment trust and direct lender that specializes in making and servicing loans for multifamily, seniors housing, healthcare, single-family rental portfolios and other commercial real estate.
