Arbor Appoints Ben Truitt as Director of FHA in Denver Office
UNIONDALE, NY (April 9, 2015) – Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, today announced the appointment of Ben Truitt as Director, FHA in the company’s Denver, CO, office.
A 17-year commercial real estate finance veteran, Mr. Truitt will be responsible for providing capital for the refinance, acquisition and construction of multifamily housing and senior housing by utilizing Arbor’s Federal Housing Administration, Fannie Mae, Freddie Mac and creative structured finance loan products, including bridge, mezzanine and preferred equity funding options. Mr. Truitt reports to Matt Carey, Vice President of FHA Lending.
Prior to joining Arbor, Mr. Truitt began his commercial lending career as an originator with GMAC Commercial Mortgage. Since then, through various roles with GMAC, PNC Bank, Red Stone, AmeriSphere and ACRE, his healthcare and multifamily financing expertise has continued to grow and includes a U.S. Department of Housing and Urban Development (HUD) Multifamily Accelerated Processing (MAP) designation. In his career, Mr. Truitt has been involved with the origination or underwriting of $570 million in closed loans.
Mr. Truitt is a member of the Urban Land Institute, University of Colorado Real Estate Council (CUREC), Colorado Health Care Association & Center for Assisted Living and the CFA Institute as a CFA Charterholder. Mr. Truitt serves on the Education Committee for the CUREC and on the Board of the CFA Society of Colorado. He is also the Public Awareness Committee Chair for the CFA Society of Colorado.
Mr. Truitt received his Master of Business Administration degree in Real Estate Development and Investments from the University of Colorado-Boulder, where he also received an undergraduate degree in Mechanical Engineering.
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a 2014 Top 10 Fannie Mae DUS® Multifamily Lender by volume, a Freddie Mac Program Plus® Seller/Servicer and Small Balance Loan lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge and Mezzanine lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of more than $11 billion, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s and holds an Above Average rating from Standard & Poor’s. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.
Arbor Commercial Mortgage, LLC also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in mortgage-related securities, real estate-related bridge, junior participating interests in first mortgages, mezzanine loans, preferred and direct equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, with full-service lending offices throughout the United States. For more information about Arbor, visit www.arbor.com.