Arbor Funds $1.7M Freddie Mac SBL Deal in Cleveland, TN
UNIONDALE, NY (July 12, 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 Cleveland, TN.
Windsor Place, a 68-unit multifamily property recently received $1,789,000 in refinance funding. The deal provides a 10-year, fixed-rate with a 30-year amortization schedule.
Geoffrey Platt of Arbor’s New York office originated the loan. “Arbor was able to secure competitive long-term financing for a non-local borrower, in what is traditionally a small market for Freddie Mac,” stated Platt. “We worked tirelessly to deliver a valuable solution that supported their investment goals and ultimately exceeded expectations.”
Built in 1973, Windsor Place is conveniently located Northwest of Downton Cleveland and approximately 30 miles from Downtown Chattanooga, near Lee University and Cleveland State Community College. This community offers 1-2 bedroom apartments rentals in traditional flat and townhouse-style layouts. Amenities include laundry facilities, a courtyard, tennis court and ample parking.
Windsor Place – Cleveland, TN
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.