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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.

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GENERAL: 800.ARBOR.10

Arbor Funds $16M Mezzanine Loan in Warrenville, IL

UNIONDALE, NY (August 28, 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 mezzanine loan for a multifamily development in Warrenville, IL.

Arbor funded a $16M mezzanine loan for the development, which when coupled with a $60M construction loan from the senior bank, as well as sponsor equity, completed the $92M capital stack. The project will take over 24 months to complete, at which point Arbor will waive all exit fees and place a long-term agency product upon stabilization.

Ryan Duff of Arbor’s New York City office originated the loan. “We were able to execute this product at a very high level for our client,” Duff said. “Arbor’s participation in this space is growing, allowing us to not only assist in a project’s development, but to secure takeout business with one of our agency products in the future.”

The development, Cantera Residences, will consist of 364 market rate units. The proposed four-story, luxury residential building is scheduled to break ground in the fall and will include amenities like an outdoor swimming pool, dog washing stations, yoga studio, health club, and outdoor grilling/dining areas.

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, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.

Property Image

Cantera Residences – Warrenville, IL

Originator

Ryan Duff – VP, Originations