About Chatter

Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…

Research

How Big is Small Cap Multifamily?

A closer look at the multifamily housing inventory in the United States and the size of the small cap investment opportunity.

Around the Web

Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…

GENERAL: 800.ARBOR.10

Arbor Funds $13.7M Fannie Mae Loans in Kansas

UNIONDALE, NY (April 22, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently announced the funding of three Fannie Mae loans totaling $13.7M in Wichita, KS.

Kingston Cove Apartments received $8.9M in acquisition financing, with a 12-year fixed rate, one year of interest only payments and a 30-year amortization, through the Fannie Mae DUS® program. Set on the shore of a private 20-acre lake, the 252-unit complex includes one- and two-bedroom apartments. It also features a fitness center, pool, volleyball court, clubhouse, boat dock and on-site boat storage. Fine dining, retail shopping and OJ Watson Park are nearby.

The Danish Village Apartments received $2.1M in acquisition funding, with a 12-year fixed rate through Fannie Mae Small Loan program. The recently remodeled, 78-unit complex features spacious, one- and two-bedroom apartments with new appliances, carpets and vinyl floors. Retail shopping and the McConnell Air Force Base are within a short driving distance.

Pine Creek Apartments received $2.7M in acquisition financing, with a 12-year fixed rate and a 30-year amortization, through the Fannie Mae Small Loan program. The 68-unit property features two-bedroom apartments and a playground. Just three miles from Downtown Wichita, the complex is conveniently located to local golf courses and parks.

Eugene Yanovskiy of Arbor’s New York City office originated the loans.

“At Arbor, we value the long-term partnerships we have with our borrowers,” Yanovskiy said. “These deals exemplify our continued commitment to providing customized financial solutions for our clients to ensure they meet their intended goals.”

About Us
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.

Property Image

Kingston Cove Apartments

Property Image

Danish Village Apartments

Property Image

Pine Creek Apartments

Originator

Eugene Yanovskiy – Originator