Arbor Funds $2.5M Freddie Mac Small Balance Loan (SBL) in New York, NY
UNIONDALE, NY (August 20, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac Small Balance Loan (SBL) in New York City. The property received $2.5M in cash-out refinancing through the program.
Geoffrey Platt of Arbor’s New York City office originated the loan.
“18A Bleecker Street is an impressive apartment building in a desirable New York City neighborhood and is yet another example of Arbor’s skill in meeting our borrowers’ needs and satisfying clients in some of the most thriving neighborhoods in the country,” Platt said.
Built in 2017, 18A Bleecker Street is a four-story, eight-unit property located in the heart of the Bushwick neighborhood in Brooklyn, New York. It is a newly constructed building on a quiet block with modern amenities and terraces.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
18A Bleeker St. — Brooklyn, NY
Geoffrey Platt – VP, Originations