Arbor Funds $1M Freddie Mac SBL Deal in Cincinnati, OH
UNIONDALE, NY (November 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 Freddie Mac SBL deal in Cincinnati, OH.
Columbine Court, a 32-unit, garden apartment complex, received $1M in acquisition funding through the Freddie Mac SBL program. The loan comes with an 80% LTV and a 10-year fixed rate term.
Sam Gold of Arbor’s Dallas office originated the loan.
Columbine Court is located in the North College Hill suburb, approximately 10 miles from the Cincinnati Central Business District. Constructed in 1963, the property consists of eight, two-story residential buildings totaling 32,832 square feet of net rentable area. Columbine Court also features on-site maintenance and parking.
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.
Columbine Court – Cincinnati, OH
Sam Gold – Originations