Arbor Funds $1.1M Freddie Mac SBL Deal in Huntington Station, NY
UNIONDALE, NY (July 5, 2018) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently funded a Freddie Mac SBL deal in Huntington Station, NY.
A multifamily property with 9 units received $1,125,000 in acquisition funding. The deal provides a 20-year hybrid loan term with a 30-year amortization schedule.
Austin Walker of Arbor’s New York City office originated the loan. “The developer came to Arbor to achieve higher leverage and secure lower rates required to purchase the property,” Walker said. “The certainty of execution on this transaction was critical, as the seller was conducting a 1031 exchange and the borrower was completing a ground-up development project adjacent to the property in a prime location. Arbor’s expansive product offerings, tailored solutions and client-driven approach were paramount to the success of this deal.”
Built in 1930, this two-story residential property is located on the north shore of Long Island and offers 0-3 bedroom rentals in the hamlet of Huntington Station. Amenities include stainless steel appliances, hardwood floors, and ample parking for residents.
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE:ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we are more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.
Founded by Chairman and CEO Ivan Kaufman, Arbor Realty Trust, Inc. is a real estate investment trust and direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume; a Top Fannie Mae Small Loan Lender; a Freddie Mac Seller/Servicer and a Top Freddie Mac Small Balance Loan Lender; a Fannie Mae and Freddie Mac Seniors Housing Lender; an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender; a HUD-approved LIHTC Lender; and a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. With a multibillion-dollar servicing portfolio, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. 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.
4-18 Northridge St. – Huntington, NY