Arbor Funds $119.3M in Agency-Backed Multifamily Loan Transactions
UNIONDALE, NY (Oct. 23, 2017) – 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 8 loans totaling $119,000,000 in California, Texas, and Washington under the Fannie Mae DUS® Loan, Freddie Mac SBL, and Fannie Mae Small Loan product lines.
Greg Gillam, Vice President of Originations in Arbor’s Manhattan Beach, California office, originated the loans. “These loans exemplify Arbor’s commitment and dedication to service and excellence. From small- to large-sized loans, Arbor customizes each lender’s experience to tailor-fit their needs. Our approach to partnering with clients separates us from the competition!” Mr. Gillam said.
The 8 transactions include:
- Monterey Station Apartments, Pomona, CA – This 349-unit multifamily property received $58,000,000 funded under the Fannie Mae DUS® Large Loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.
- The Arches at Regional Center West, Palmdale, CA – This 144-unit multifamily property received $16,225,000 funded under the Fannie Mae DUS® Green Rewards Loan program. The ten-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Robins Nest Apartments, San Antonio, TX – This 104-unit multifamily property received $2,587,000 funded under the Freddie Mac SBL Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Nueva Vista Apartments, Fort Worth, TX – This 134-unit multifamily property received $3,500,000 funded under the Freddie Mac SBL Loan program and is a hybrid loan.
- Riverton of the High Desert, Victorville, CA – This 220-unit multifamily property received $20,000,000 funded under the Fannie Mae DUS® Green Rewards program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Las Brisas, Colton, CA – This 208-unit multifamily property received $14,000,000 funded under the Fannie Mae DUS® Green Rewards Loan program. The ten-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Parkside Apartments, Turlock, CA – This 24-unit multifamily property received $1,840,000 funded under the Fannie Mac DUS® Small Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Lake Union, Seattle, WA – This 11-unit multifamily property received $2,700,000 funded under the Freddie Mac SBL Loan program and is a hybrid loan.
About Us
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 current servicing portfolio of more than $15 billion, 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.