Press Releases
UNIONDALE, NY (January 30, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare, and other diverse commercial real estate assets, is pleased to announce the appointment of Derek Kirma as Vice President, Originations. Mr. Kirma will be responsible for originating Fannie Mae, Freddie Mac, FHA, SFR, CMBS, Bridge, Mezzanine, and Preferred Equity loan transactions. He is based out of Arbor’s San Diego, CA, office and reports directly to Frank Lutz, Executive Vice President and Chief Production Officer. With more than 10 years of industry knowledge, Mr. Kirma has extensive experience delivering client specific financing across all agency platforms. “Derek’s expertise in the sector will be invaluable to us at Arbor as we continue to expand our diverse product offerings to our thriving client base across the country. His leadership in our new San Diego office reflects Arbor’s enhanced presence in the region and is an integral part of our overall growth strategy,” Mr. Lutz said. Prior to his Read the full article…
Articles
Over the course of the decade, the multifamily real estate market emerged as a premier asset class. Demand was driven not only by the shifting demographics, but also housing affordability issues surrounding escalating prices, limited supply and stagnant wage growth. See our breakdown of the decade’s top-performing multifamily markets.
Articles
The natural apartment filtering process of new supply declining in quality and value as it ages has provided low-income renters with access to more affordable housing options. The Great Recession, however, caused a break in the filtering pattern, leaving a shortage of workforce housing supply during this recovery.
Press Releases
UNIONDALE, NY (January 28, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed an acquisition loan for a Seniors Housing portfolio in St. Louis, MO. The properties received $9.9M in funding with a 24-month term. Austin Walker of Arbor’s New York City office originated the loan. “This deal enabled our client to secure short-term financing on two affordable senior housing properties in an optimal location,” Walker said. “The financial structure of this loan exemplifies Arbor’s commitment to identifying and executing customized solutions to align with our borrowers’ needs.” This 240-units are located near Downtown St. Louis with the iconic Fox Theatre, Missouri Botanical Garden, museums, restaurants and shopping 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. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Read the full article…
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…
