Arbor Funds $23.4M in Agency-Backed Multifamily Loan Transactions
UNIONDALE, NY (Nov. 16, 2017) – 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 8 loans totaling $23,419,000 under the Fannie Mae DUS® Loan and Freddie Mac SBL product lines.
Vincent Chiodo, an Originator in Arbor’s New York, New York office, originated the loans. “I’m proud of the work Arbor does,” Mr. Chiodo said. “Whether you need a small or large loan, Arbor’s customized, flexible and, above all, personalized agency platforms provide the innovative multifamily financing clients need to take advantage of today’s dynamic market.”
The 8 transactions were:
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- Pershing Apartments, West Palm Beach, FL – This 54-unit multifamily property received $3,007,000 funded under the Freddie Mac SBL Loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.
- Coventry North Apartments, Houston, TX – • This 90-unit multifamily property received $2,790,000 funded under the Freddie Mac SBL Loan program. The 7-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Leawood Plaza Apartments, Houston, TX – This 80-unit multifamily property received $2,317,000 funded under the Freddie Mac SBL Loan program. The 7-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Whispering Oaks Apartments, Houston, TX – This 180-unit multifamily property received $4,545,000 funded under the Freddie Mac SBL Loan program. The 7-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Horizon Apartments, Baytown, TX – This 80-unit multifamily property received $2,107,000 funded under the Freddie Mac SBL Loan program. The 7-year, fixed rate refinance loan amortizes on a 30-year schedule.
- Oaktree Apartments, Joppa, MD – This 49-unit multifamily property received $3,318,000 funded under the Fannie Mae DUS® Small Loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.
- 214 West Hoosac St. & 300 East Hoosac St, Waterville, MN – These 38-unit multifamily properties received $1,337,000 funded under the Fannie Mae MAH Small Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
- 130 Bradly Ave., Meriden, CT – This 23-unit multifamily property received $948,000 funded under the Fannie Mae DUS® Small Loan program. The ten-year, fixed rate acquisition loan amortizes on a 30-year schedule.
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Pershing Apartments – West Palm Beach, FL |
Whispering Oaks – Houston, TX |
About Us
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 current servicing portfolio of more than $15 billion as of June 30, 2017, 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.