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.
Press Releases
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
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…
Articles
Four major California cities were the most expensive areas in the nation for small multifamily rentals, reflecting the state’s ongoing affordability crisis.
Press Releases
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
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…