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…
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In Case You Missed It: Week of September 4
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Record Breaking Apartment Rents — Eight Months in a Row
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In Case You Missed It: Week of August 29
Spy planes are tracking apartment construction; 10 spots with Class B rent growth premiums; apartment rents break record for 8th straight month; cap rate trends; and more in this week’s multifamily news roundup.
In Case You Missed It: Week of August 22, 2016
The greatest real estate deals in American history; where Airbnb is having the biggest impact on rent growth; value-add projects remain an attractive alternative to development; banks slow multifamily lending while GSEs hit the gas.
In Case You Missed It: Week of August 15, 2016
FHFA increases 2016 multifamily caps; Consumer spending expected to bolster economic growth; renting becomes a lifestyle for the long haul; a look back at how NYC’s failed olympic bid; and more in the week’s apartment news roundup.
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