Press Releases
UNIONDALE, NY (January 27, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $24.6M portfolio in Illinois. The deal encompasses three transactions, all bridge loans for a single sponsor. Eric Regenbogen of Arbor’s Uniondale office originated the deal. “Through these loans, we were able to provide the borrower with the capital they required to both purchase and improve the properties,” said Regenbogen. “Once again, we are demonstrating how we can meet the needs of our partners, in this case, helping to gentrify a growing market in the greater Chicago area.” 922 N. Blvd, Oak Park, IL ($11.1M) – Built in 1969, this 56-unit, eight-story apartment complex outside of Chicago features a roof terrace, sundeck and beautiful views of the city. The property is in close walking distance to a wide range of shops, restaurants, nightlife and transportation. 930 N. Blvd., Oak Park, IL ($9.1M) – Built in 1966, this 48-unit, seven-story property offers garage parking, on-site laundry facilities and easy access to local shopping and dining venues. 2909 E. 78 Street, Chicago, Read the full article…
Articles
While many early technology solutions have been operationally focused, advanced technology like artificial intelligence and data analytics tools now allow owners to focus their efforts on improving the customer experience, panelists noted at the recent NMHC Annual Meeting in Orlando, FL.
Articles
Key strategies for development, including building for long-term holds and adapting to changing renter profiles, were discussed at the recent NMHC Apartment Strategies Outlook Conference in Orlando, FL.
Press Releases
UNIONDALE, NY (January 22, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Cincinnati, OH. The multifamily property received $7.5M in financing through the program, with a 12-year fixed rate and three years of interest only payments. Vincent Chiodo of Arbor’s New York City office originated the loans. “This customized deal allowed our borrower to lock in at a competitive rate and make interest only payments for three years, which aligned with their long-term financial goals,” Chiodo said. “At Arbor, we’re committed to finding tailored solutions to meet all of our clients’ needs.” The pet-friendly complex is comprised of one-, two- and three-bedroom units with renovated interiors. Set on a beautifully landscaped property, it features a fitness center, swimming pool and playground. Retail shopping and recreational activities are nearby. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Read the full article…
Articles
Renter income growth In small multifamily properties was slightly above the national average, while large multifamily households saw market-leading gains.
Press Releases
UNIONDALE, NY (January 21, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded an acquisition loan in Birmingham, AL. The 344-unit property received $21.5M in financing. Joseph Charneski of Arbor’s New York City office originated the loan. “This transaction is a great example of Arbor’s ability to close quickly for a repeat borrower on a great opportunity,” said Charneski. “Birmingham has undergone a major revitalization and is considered one of the nation’s most livable cities. The capital provided through the transaction allowed the sponsor to make improvements to the property in an up-and-coming area.” Built in 1978, The Ridge at Crestwood offers newly renovated (2018) one- and two-bedroom, apartment homes with new appliances, ceramic tile and enclosed private patios. This gated, pet-friendly complex also features a sundeck, courtyard, playground, game room, pool and fitness center. The community is set on a peaceful hilltop, minutes from Downtown Birmingham and less than a mile from Eastwood Village and its many dining and shopping establishments. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real Read the full article…
Press Releases
UNIONDALE, NY (January 15, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in South Florida. The 115-unit property received $11M in refinance cash-out funding through the program. The terms provide for a 10-year loan with five years of interest-only payments. Alexander Kaushansky of Arbor’s New York City office originated the loan. “This asset is part of a long-term portfolio held by our client who wanted to recast existing debt to lower the interest rate and payments,” said Kaushansky. “The customized solution provides for increased funds to upgrade the property through renovations.” Built in 1973, Waterford Villas is a garden-style multifamily property spread across 30 single-story buildings on more than six acres of beautifully landscaped land. Located in the city of Margate, FL, with easy access to shopping, the community offers high-speed internet access, a swimming pool and an on-site leasing office. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental Read the full article…
Articles
Small multifamily rents have been growing faster in metro areas with rent levels below the national average. This phenomenon has, by and large, also been true for the large multifamily asset class.
