Arbor Funds $21.4M Fannie Mae DUS® Green Rewards Loans in FL and TX
UNIONDALE, NY (November 26, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded Fannie Mae DUS® Green Rewards loans in Jacksonville, FL and Killeen, TX. The properties received 21.4M in financing through the program and have 10-year fixed rates with two years of interest only payments.
Geoffrey Platt of Arbor’s New York City office originated the loans.
“Through these loans, our clients were able to take advantage of the low interest rate environment made available through Fannie Mae’s green financing,” Platt said. “Arbor takes pride in partnering with our borrowers so they can achieve their current and future goals.”
Midtown Oaks is located in Jacksonville, FL. Built in 1974, the 176-unit property features newly renovated kitchens, hardwood floors, walk-in closets and air conditioning. This luxurious, gated community has a fitness center, spa, pool and playground for residents to enjoy. It is conveniently located near shopping and recreation.
The Country Place Apartments, located in Killeen, TX, were built in 1996. The two-story, 137-unit property features air conditioning and walk-in closets. It also offers a 24-hour fitness center, swimming pool, basketball court, pet park, and playground. The gated community is just minutes from dining, retail and entertainment, as well as Fort Hood.
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.
Midtown Oaks – Jacksonville, FL
Country Place Apartments – Killeen, TX
Geoffrey Platt – Vice President