Arbor Funds $21.4M Fannie Mae DUS® Deal in Houston, TX
UNIONDALE, NY (May 21, 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 DUS deal in Houston, TX.
Casa del Mar, a 354-unit apartment community received $21,477,000 for refinance cash out under a Fannie Mae DUS loan program. The deal was structured with a 7-6 ARM product on a 30-year amortization schedule.
Brian Scharf of Arbor’s Uniondale office originated the loan. “This high leverage loan reflects a combination of the agency’s commitment in 2018 to win business, as well as Arbor’s ability to structure a loan that satisfied all of the borrower’s goals,” Scharf stated.
Located off I-45 north of Downtown Houston, this pet-friendly community offers multiple one and two bedroom floor plans. Amenities include two swimming pools, spa, tennis court, laundry facilities, playground and clubhouse in a beautifully landscaped gated community.
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE:ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we are more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.
Founded by Chairman and CEO Ivan Kaufman, Arbor Realty Trust, Inc. is a real estate investment trust and direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume; a Top Fannie Mae Small Loan Lender; a Freddie Mac Seller/Servicer and a Top Freddie Mac Small Balance Loan Lender; a Fannie Mae and Freddie Mac Seniors Housing Lender; an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender; a HUD-approved LIHTC Lender; and a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. With a multibillion-dollar servicing portfolio, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.
Casa del Mar — Houston, TX