Press Releases

Arbor Funds $43.7M Fannie Mae DUS® Green Rewards SRL Loan in Roswell, GA

UNIONDALE, NY (January 9, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards Streamlined Rate Lock (SRL) loan in Roswell, GA. The property received $43.7M in acquisition financing through the program, with a 12-year fixed rate, four years of interest only payments, and a 30-year amortization schedule. Stephen York of Arbor’s New York City office originated the loan. “Our client came to us during a time of market fluidity. Their primary goal was to achieve optimal leverage and the flexibility to secure an early rate lock,” York said. “We were delighted to provide competitive acquisition financing utilizing Fannie Mae’s Green Rewards Streamlined Rate Lock program. By utilizing this product, we were able to underwrite the property’s projected utility savings, which in turn allowed us to improve and maximize our loan amount. It also gave our client the ability to rate lock at a favorable time during the underwriting process when treasuries dipped.” Built in 1972, the Avia Riverside Apartments were renovated from 2013-2015. The 396-unit garden style, Read the full article…

Press Releases

Arbor Funds $7.4M Fannie Mae DUS® Green Rewards Loan in Tallahassee, FL

UNIONDALE, NY (January 7, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Tallahassee, FL. The property received $7.4M in financing through the program, with a 12-year fixed rate and 30-year amortization schedule. Sam Schwass of Arbor’s New York City office originated the loan. “This loan highlight’s Arbor’s commitment to finding the ideal financial solutions for all of our borrowers,” Schwass said. “The Fannie Mae DUS® Green Rewards program enabled our client to lock in at a low interest rate and secure the necessary funds to renovate this property and enhance living conditions for the tenants.” The Sabal Court Apartments were built in 1967 and are newly renovated. The two-story multifamily complex features one-, two- and three-bedroom apartments with redesigned kitchens and open floor plans for entertaining. The property includes a picnic area, swimming pool and playground. It is in close proximity to entertainment, retail shopping and medical facilities. Florida State University and Tallahassee Community College are just two miles away. About Us Arbor Realty Read the full article…

Press Releases

Arbor Funds $1.2M Fannie Mae Small Loan in St. Petersburg, FL

UNIONDALE, NY (January 6, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in St. Petersburg, FL. The property, Garden Court Apartments, received $1.2M in financing from the program. Michael Noll of Arbor’s New York City office originated the loan. “This refinance deal allowed our client to acquire a lower interest rate, while securing a foothold in the niche market of the thriving St. Petersburg, FL, region,” Noll said. “This is a perfect example of how our close, long time partnership with Fannie Mae enables us to meet and exceed the needs of our diverse clients, large and small, all across the country.” This pet-friendly apartment community was built in 1957 and has 18 units featuring open concept floor plans, updated baths and remodeled kitchens. The complex is a short drive to Gulf beaches and family-friendly attractions such as the Education Innovation Center, Secrets of the Sea Marine Exploration Center and Aquarium, and Great Explorations Children’s Museum. About Us Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real Read the full article…

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Market reports and trends pieces topped the list of Chatter’s top 10 most popular posts of 2019. See the articles and topics that you found most interesting this year.

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