Arbor Funds $13.1M Fannie Mae DUS® Small Loans Across the U.S.
UNIONDALE, NY (December 14, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed transactions for five mobile home communities across the U.S. The properties, consisting of 470 units, were funded through the Fannie Mae DUS® Small Loan program.
Austin Walker of Arbor’s New York City office originated the loans.
“Arbor is dominant player in the financing of manufactured housing communities. These transactions require a great deal of attention to detail as the execution is highly specialized,” Walker said. “Our long-standing, trusted partnership with Fannie Mae allows us to tailor custom solutions to deliver best in class terms for our borrowers’ community financing needs.”
Welcome Creek Mobile Home Park in Greenville, SC, received $3M in the third quarter of 2020. The 138-unit property is conveniently located near shopping and restaurants in downtown Greenville.
Greenville Mobile Home Park in Taylors, SC, received $4M in the third quarter of 2020. Built in 1955, the 161-unit property is within walking distance to Eastside High School.
North Star Mobile Home Community in Fort Collins, CO, received $2.7M in the fourth quarter of 2020. Built in 1946, the 57-unit property in near to retail shopping, Fort Collins Museum of Discovery and Colorado State University.
Town and Country Mobile Estates in Klamath Falls, OR, received $1.3M in the third quarter of 2020. The community was built in 1978 and is made up of 50 units. Mazama High School is less than a mile away.
Laurelwood Valley in Federal Way, WA, received $2.1M in the fourth quarter of 2020. Built in 1988, the 64-unit property is a short driving distance away from the commuter rail, retail shopping and Highline Community College.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Laurelwood Valley – Federal Way, WA
Greenville Mobile Home Park – Taylors, SC
Austin Walker – Originations