Arbor Funds $2.8M Freddie Mac SBL Deal in Carson, CA
UNIONDALE, NY (March 7, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac SBL deal in Carson, CA. Sky South Bay, a 13-unit multifamily property, received $2.8M in funding through the program with a five-year hybrid term.
Eugene Yanovskiy of Arbor’s New York City office originated the loan.
“This Freddie Mac SBL execution allowed the borrowers to remove their expensive construction debt on their recently stabilized asset with a great permanent loan,” said Yanovskiy. “The newly built, luxury boutique property is in a prime location and offers residents a relaxed and chic lifestyle in the South Bay region.”
Built in 2018, Sky South Bay offers Studio+, 1BR and 2BR residences with private patios or rooftop decks. Interior amenities include designer kitchens featuring quartz countertops and stainless steel appliances; central heating and air conditioning; in-unit washers and dryers; and secure on-site parking. The property is within an easy commute to downtown Los Angeles, UCLA Medical Center and LAX.
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.
Sky South Bay – Carson, CA
Eugene Yanovskiy – Originations