Arbor Funds $1.6M in Freddie Mac SBL Deal in Addison, IL
UNIONDALE, NY (April 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 loan in Addison, IL.
The 23-unit property located on S. Lincoln Avenue, received $1,600,000 in acquisition funding under a Freddie Mac SBL program. The deal provides a 7-year fixed term with a 30-year amortization schedule.
Sam Gold, Vice President, Originations covering Dallas, Chicago and the Midwest regions, originated the loan. “This transaction was uniquely structured with 80% nonrecourse financing. Arbor’s expansive product offerings and multifamily lending expertise allow us to customize solutions for any financial situation anywhere in the nation, said Gold. “We’re committed to meeting the borrower’s needs, no matter what their financial goals may be or where they do business.”
Located west of the Chicago metropolitan area with easy access to both 1-290 and 1-355, this well maintained, 1970’s construction, multifamily property, offers spacious 1-2 bedroom floor plans and is adjacent to Highview Park.
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’re 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 and a Top Fannie Mae Small Loan lender, a Freddie Mac Seller/Servicer and the 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 as well as 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.