Arbor Funds $1.7M Fannie Mae Small Loan in Durant, OK
UNIONDALE, NY (May 25, 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 Durant, OK.
Parkwood Terrace Apartments, an 80-unit multifamily property received $1,725,000 for refinancing. The transaction provides a 30-year fixed rate, with a 30-year amortization schedule.
Greg Gillam of Arbor’s Manhattan Beach, CA office originated the loan. “The borrower faced challenges getting refinanced and looked to Arbor for support. Through our diverse capabilities and funding solutions, we were able to secure optimal loan terms that met our borrower’s requirements,” Gillam said.
Built in 1975, Parkwood Terrace Apartments is centrally located near Southeastern Oklahoma State University and offers pet-friendly 1-3 bedroom rentals. Amenities include a laundry facility, dog park and on-site management office.
Parkwood Terrace Apartments – Durant, OK
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.