Arbor Funds $2.3M Fannie Mae Small Loan in Baltimore, MD
UNIONDALE, NY (June 25, 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 Fannie Mae Small Loan in Baltimore, MD.
The Factory Apartments, a 13-unit, multifamily property recently received $2,377,000 in acquisition funding. The loan was structured as a Tier II, 30-year fixed-rate mortgage with a 30-year amortization schedule.
Michael Noll of Arbor’s New York City office originated the loan. “Arbor was able to support a first time agency borrower with a competitive loan offering that provided long-term security at an exceptional rate,” stated Noll. “The favorable terms and smooth execution are another example of Arbor’s ability to meet the unique needs of every client.”
Located in Fells Point, a historic waterfront district just east of Baltimore’s Inner Harbor, The Factory Apartments offer modern 1-3 bedroom rentals. This secured, four-story, elevator building was built in 1910 and fully renovated in 2001. Amenities include in-unit laundry, fireplace, stainless steel appliances, hardwood floors, a roof deck with 360-degree views of the city and gated parking for residents.
The Factory Apartments – Baltimore, MD
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE:ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we are more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.
Founded by Chairman and CEO Ivan Kaufman, Arbor Realty Trust, Inc. is a real estate investment trust and direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume; a Top Fannie Mae Small Loan Lender; a Freddie Mac Seller/Servicer and a Top Freddie Mac Small Balance Loan Lender; a Fannie Mae and Freddie Mac Seniors Housing Lender; an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender; a HUD-approved LIHTC Lender; and a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. With a multibillion-dollar servicing portfolio, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.