Arbor Funds $223M in Freddie Mac Conventional Loans Across Five States
UNIONDALE, NY (October 14, 2021) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading residential and commercial mortgage lender, recently closed nine transactions under its Freddie Mac Conventional lending platform. The loan proceeds were used to finance 1,925 units across nine properties in five states.
As an approved Freddie Mac Optigo® Seller/Servicer, Arbor offers flexible financing solutions with highly competitive pricing and customized terms.
“The flexibility provided by our Freddie Mac platform enables our team to deliver tailored financing solutions for our clients with compelling terms,” said Ivan Kaufman, Chairman and CEO of Arbor Realty Trust. “Our experienced team has a proven track record of assisting multifamily operators across the country with accessing Freddie Mac financing. Arbor partners with clients ranging from first-time borrowers to Freddie Mac’s Select Sponsors, guiding them through the loan process, from initial quote to funding.”
Recent Freddie Mac Conventional transaction highlights include:
Savannah, GA – Arbor provided $24M to support the refinancing of a 232-unit garden-style property in Savannah, GA. The shared amenities at this Class B property include common laundry, playground, clubhouse and picnic/barbecue area.
Asbury Park, NJ – Arbor provided $12.5M to support the refinancing of a 65-unit garden-style property in Asbury Park, NJ. The property is within 1-mile of the NJ Transit Railroad serving Newark and New York City.
Charlotte, NC – Arbor provided $33.6M to support the refinancing of a 348-unit garden-style property in Charlotte, NC. The shared amenities at this Class B property include a clubhouse, business center, playground, common laundry, fitness center and a BBQ/picnic area.
Gastonia, NC – Arbor provided $15.2M to finance the acquisition of a 176-unit garden-style property in Gastonia, NC. The shared amenities at this property include a clubhouse building with a fitness center, lounge area, kitchenette, laundry room, as well as a swimming pool, playground and fenced dog park.
Charlotte, NC – Arbor provided $59.6M to finance the acquisition of a 377-unit garden-style property in Charlotte, NC. The shared amenities at this Class A property include a clubhouse building, business center, fitness center, lounge area, community kitchen, swimming pool and pet area.
Macon, GA – Arbor provided $12.6M to finance the acquisition of a 241-unit garden-style property in Macon, GA. Shared amenities include a clubhouse, on-site maintenance, leasing office, sports court, soccer field and swimming pool.
Richmond, VA – Arbor provided $11.1M to support the refinancing of a 98-unit garden-style property in Richmond, VA. This Class B property is in the West Henrico County submarket of the Richmond, VA metro area.
Granby, CT – Arbor provided $29M to support the refinancing of a 130-unit garden-style property in Granby, CT. The shared amenities at this Class B property include a club house, business center, courtyard, seasonal swimming pool and detached resident parking garages.
Norcross, GA – Arbor provided $25.2M to support the refinancing of a 258-unit garden-style property in Norcross, GA. The shared amenities at this property include a clubhouse, business center, fitness center, lounge area, swimming pool, soccer field, putting green, BBQ/picnic area and dog park.
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, 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 leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, 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.