Arbor Funds $21.7M Fannie Mae DUS® Loan in East Point, GA
UNIONDALE, NY (June 11, 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 Small Loan in East Point, GA.
Parkside at Camp Creek Apartments, a 486-unit multifamily property, received $21,700,000 for refinancing. The deal was structured with a 7-6 ARM product on a 30-year amortization schedule.
Ryan Duff of Arbor’s New York City office originated the loan. “Arbor was able to support our repeat client through a strategic product line,” Duff said. “We secured great long-term refinancing terms for our Sponsor, after property improvements were made and cash flow increased during the original loan’s 12-month lockout period.”
Built in 1970, Parkside at Camp Creek Apartments is conveniently located just southwest of Atlanta’s central business district. This beautifully landscaped community offers 2-3 bedroom floor plans in both garden and townhome style layouts. Amenities include a clubhouse, laundry facility, fitness center, two swimming pools, playgrounds and a basketball court.
Parkside at Camp Creek Apartments – East Point, GA
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’re 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 and a Top Fannie Mae Small Loan lender, a Freddie Mac Seller/Servicer and the 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 as well as 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.