About Chatter

Welcome to Chatter! We’re happy to be your source for multifamily news, research and insight. Bookmark us and be sure to sign up for our weekly newsletter to stay on top of all things financing and investment for the multifamily industry. We also invite you to follow us on Twitter. What is Chatter? So what Read the full article…

Research

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.

Around the Web

Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…

GENERAL: 800.ARBOR.10

Arbor Funds $2.5M Fannie Mae Loan Deal in Chicago, IL

UNIONDALE, NY (September 18, 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 Supplemental Loan in Chicago, IL.

The Harper Square Cooperative, a 591-unit multifamily property, overlooking Lake Michigan, received $2.5M in refinance funding through the deal. The loan provides a 20-year term with amortization.

Michael Jehle of Arbor’s Michigan office originated the loan. “The members of the cooperative wanted to upgrade the elevators, and modernize all the corridor hallways with new paint, carpeting, and, lighting. This loan facilitated these improvements and was structured to fully amortize with the pay-down of the first mortgage – exactly what the Board of Directors wanted,” said Jehle.

The multifamily lakefront property is located in the Kenwood/Hyde Park area and was built in 1970. It is minutes away from Chicago’s bustling business district and offers a state-of-the-art fitness center and concierge.

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

Harper Square Cooperative – Chicago, IL

Originator

Michael Jehle – Originator