Arbor Funds $13.9M in Fannie Mae Small Loans Across the Nation
UNIONDALE, NY (June 10, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded seven Fannie Mae Small Loans across the nation. The multifamily properties, totaling 256 units, received $13.9M in financing.
Geoffrey Platt of Arbor’s New York City office originated the loans.
“These transactions highlight Arbor’s steadfast commitment to providing successful outcomes for our financial partners,” Platt said. “No matter the location or the current environment, we are always here to ensure our clients achieve their fiscal goals.”
Built in 2019, Taylor Row Apartments in Punta Gorda, FL, received $1.2M in refinancing though the Fannie Mae Small Loan program. The 16-unit upscale property features studio, one- and two-bedroom floorplans with granite countertops and stainless steel appliances, and is within walking distance of downtown Punta Gorda.
Girard Court Apartments in Killen, TX, received $1.3M in refinancing through the Fannie Mae DUS® program. The one-story furnished property was built in 2006. It features 24-units with hardwood floors, built-in bookcases, vaulted ceilings and French doors. The complex is conveniently located with major highways, parks and local dining nearby.
Pinebrook Apartments in Florence, AL, received $2.4M in refinancing through the Fannie Mae Small Loan program. The 41-unit multifamily property was built in 2008 and is a short distance from the UNA Planetarium & Observatory.
13628 Pennsylvania Ave. in Hagerstown, MD, received $1.1M in acquisition funding through the Fannie Mae Small Loan program. Built in 2012, the mixed-use, multifamily property is within walking distance of retail shopping and restaurants.
Arbor Court Apartments in Idaho Falls, ID, received $1.9M in refinancing through the Fannie Mae Small Loan program. The six-unit, two-story property was built in 1953 and features a playground, laundry facility and onsite parking. It is within close proximity to parks and retail shopping.
The College Crest, LaBoiteaux and Hillcrest Apartments in Cincinnati, OH, received $3.7M in acquisition funding through the Fannie Mae Small Loan program. The multifamily garden-style properties include six buildings and 103-residential units.
The Bournemouth Apartments in Harper Woods, MI, received $2.3M in refinancing through the Fannie Mae Small Loan program. The two-story, 48-unit multifamily complex is conveniently located with shopping and dining nearby.
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.
Pinebrook Apartments – Florence, AL
Taylor Row – Punta Gorda, FL
13628 Pennsylvania Ave. – Hagerstown, MD
Arbor Court – Idaho Falls, ID
Bournemouth – Harper Woods, MI
College Crest, LaBoiteaux and Hillcrest Apartments – Cincinnati, OH
Geoffrey Platt – Vice President