Arbor Funds $2.9M Fannie Mae Small Loan in Miami, FL
UNIONDALE, NY (December 18, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Miami, FL. The property received $2.9M in financing with a 15-year fixed rate, four years of interest only payments, and a 30-year amortization schedule through the program.
James Fiesel of Arbor’s New York City office originated the loan.
“This deal highlights Arbor’s ability to conceptualize and deliver innovative financial solutions for our clients,” Fiesel said. “As trusted partners, we are committed to finding products and loan terms that support our clients’ long-term goals.”
The Vegas Apartments were built in 1969. The low-rise multifamily complex is made up of 30-units, and features a swimming pool and Zen Garden. There are on-site parking options in the gated community, which is conveniently located to retails shops, commuter rail and the University of Miami.
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.
Vegas Apartments – Miami, FL
James Fiesel – Originations