Press Releases

Arbor Funds $21.5M Acquisition Loan in Birmingham, AL

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

Arbor Funds $11M Fannie Mae DUS® Loan in South Florida

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…

Press Releases

Arbor Funds $6.1M Fannie Mae DUS® Green Rewards Loan in Houston, TX

UNIONDALE, NY (January 14, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Houston, TX. The Coronado Park Apartments received $6.1M in refinance funding with a 15-year fixed rate through the program. Brian Scharf of Arbor’s Uniondale office originated the loan. “Arbor takes pride in delivering optimal financial solutions to all of our clients,” Scharf said. “This refinance deal allowed our borrower to take advantage of more competitive loan terms and secure additional loan proceeds to invest in energy and water efficiencies.” Built in 1983, the Coronado Park Apartments includes studio, one- and two-bedroom apartments. The 144-unit multifamily property features a clubhouse, laundry facilities and swimming pool. The complex is located in the Brookhollow/ Inwood area of Houston and is a short driving distance from the Hundred Acre Wood Preserve. 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 Read the full article…

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…

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