Press Releases

Arbor Funds $16.3M Fannie Mae Loans in Myrtle Beach, SC

UNIONDALE, NY (April 2, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded $16.3M in Fannie Mae DUS® and Fannie Mae Small loans in Myrtle Beach, SC. Patriots Way At The Beach Apartments received $9.6M in refinance financing, with a 12-year fixed rate, through the Fannie Mae DUS® program. The property is comprised of 110, two-bedroom units and features hardwood floors and walk-in closets. It is minutes away from the beach, with fine dining, shopping and entertainment nearby. The 501 38th Avenue Portfolio received $2.2M in refinance, cash-out funding, with a 12-year fixed rate, through the Fannie Mae Small Loan program. Built in 1963, the 34-unit complex is a short distance from the Children’s Museum of South Carolina, Ripley’s Aquarium and local shopping. Avenue North Apartments received $3.2M in refinance, cash-out funding, with a 12-year fixed rate, though the Fannie Mae Small Loan program. The 43-unit property is less than a half-mile from the beach, restaurants and shopping. 604 19th Street received $1.2M in refinance funding, with a 12-year fixed rate, through the Read the full article…

Single-Family Rental (SFR) Lines of Credit

  ARBOR’s Single-Family Rental (SFR) Lines of Credit Arbor offers flexible solutions customized for your portfolio aggregation and bridge-to-permanent financing needs.*   ELIGIBLE PROPERTY TYPES Single-family homes Townhomes Row homes Condos 2- to 20-unit multifamily properties No owner-occupied units ELIGIBLE LOCATIONS All 50 states ELIGIBLE BORROWER Must be a newly formed, single-purpose, bankruptcy-remote Delaware LLC FACILITY PURPOSE Ongoing acquisition of properties (occupied, vacant or with rehab components) FACILITY TERM 18 to 36 Months MINIMUM FACILITY AMOUNT $10M INTEREST RATE Floating MAXIMUM LTC AND LTV Based upon property and project specifics LOAN SIZING Completed properties expected to meet eligibility guidelines (LTV and DSCR) for Arbor permanent financing REHAB FINANCING Available RECOURSE Recourse and non-recourse options available SPONSORSHIP Established track record, appropriate net worth, and liquidity commensurate with transaction PRICING Based upon facility, borrower and project specifics *All final terms are subject to underwriting discretion that typically follows a review of the deal structure and a full due diligence package. V010423

General: 800.ARBOR.10

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