Arbor Funds $1.6M Fannie Mae Small Loan in Hutchinson, KS
UNIONDALE, NY (October 17, 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 Fannie Mae Small Loan in Hutchinson, KS.
Sandhill Properties, a 48-unit, garden-style multifamily property, received $1.6M in acquisition funding through the Fannie Mae Small Loan program. The loan provides a 12-year fixed rate term and a 30-year amortization schedule.
Eugene Yanovskiy of Arbor’s New York City office originated the loan. “The aggressive Fannie Mae Small Loan program allowed us to get the borrower the best 12-year quote available,” said Yanovskiy. “And with the support of exceptional talent and teamwork at Arbor, including our Underwriter Munzir Khan, we were able to execute a quick close necessary due to the timing constraints of the acquisition.”
Sandhill Properties provides beautiful, spacious units conveniently located in a quiet, peaceful community. Amenities afforded to tenants include a swimming pool, basketball court, and carports.
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 Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.
Sandhill Properties – Hutchinson, KS
Eugene Yanovskiy – Originations