Arbor Funds $2.4M Freddie Mac SBL Deal in Los Angeles, CA
UNIONDALE, NY (December 13, 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 Los Angeles, CA.
4309 W. Adams Blvd., a 12-unit multifamily property, received $2.4M in funding through the Freddie Mac SBL program. The deal comes with a five-year hybrid term and a one-year interest only period.
Eugene Yanovskiy of Arbor’s New York City office originated the loan. “The five-year hybrid solution allowed us to get aggressive terms for the borrower in a very competitive Los Angeles lending environment,” said Yanovskiy. “And thanks to the recent gut-rehabilitation, renters will be incentivized by a stylish, up-to-date property in a great market.”
Built in 1954, 4309 W. Adams Blvd. was recently renovated to feature modern exteriors and spacious units with hardwood floors and a full range of appliances. The property also includes gated entry, on-site parking and laundry facilities, and is conveniently located in Central Los Angeles.
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.
4309 W. Adams Blvd. – Los Angeles, CA
Eugene Yanovskiy – Originations