Arbor Funds $1.3M Freddie Mac SBL in Fort Lauderdale, FL
UNIONDALE, NY (June 12, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $1.3M Freddie Mac SBL deal in Fort Lauderdale, FL. Topanga Canyon Apartments, a 12-unit multifamily property, received $1.3M in funding through the program with a five-year term on a 30-year amortization schedule.
Matthew Madacsi of Arbor’s New York City office originated the loan.
“This was a really special deal for the client and us,” said Madacsi, who explained it was Topanga’s first Freddie Mac loan. “They’re an experienced client but had never done an agency deal before. We were able to get them the nonrecourse financing they were looking for, at more competitive, lower interest rates. It was a real homerun for them and a great first step in building a strong and productive relationship for us going forward.”
From studios to three-bedroom apartments, Topanga Canyon offers all its residents spacious floorplans with a variety of amenities, including onsite parking options and high-speed internet access. Built in 1964, the property is rated ‘highly walkable’ and is conveniently located in a thriving community with easy access to parks and recreational venues, cultural points of interest and various transportation alternatives.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Topanga Canyon Apartments – Fort Lauderdale, FL
Matthew Madacsi – Originations