Arbor Funds $279M in Multifamily Transactions Across U.S.
UNIONDALE, NY (Oct. 11, 2016) – 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, has funded 34 loans totaling $279,219,964 across Kansas, Florida, Texas and other states under Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Supplemental Loan, Fannie Mae DUS Multifamily Affordable Housing Loan, Arbor CMBS Loan and Arbor Bridge Loan programs.
Ronen Abergel, Vice President in Arbor’s New York office, originated the loans.
Kansas – $31.4M
- Oak Park Village, Lenexa, KS – This 510-unit multifamily property received $29,634,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
- Lakeview Heights, Olathe, KS – This 62-unit multifamily property received $1,740,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Florida – $23.7M
- Harbor Cay Apartments, Largo, FL – This 276-unit multifamily property received $15,000,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
- Hillcrest Hampton House, Orlando, FL – This 156-unit multifamily property received $4,706,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
- Courtyard at Cordova, Pensacola, FL – This 144-unit multifamily property received $4,000,000 funded under the Fannie Mae DUS Multifamily Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Texas – $102.5M
- Multifamily Property, Denton, TX – This 352-unit multifamily property received $23,369,500 funded under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
- Multifamily Property, Dallas, TX – This 334-unit multifamily property received $23,000,000 funded under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
- Multifamily Property, Dallas, TX – This 188-unit multifamily property received $13,400,000 funded the under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
- Multifamily Property, Farmers Branch, TX – This 100-unit multifamily property received $8,826,000 funded under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
- The Gardens of Walnut, Garland, TX – This 160-unit multifamily property received $5,450,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Multifamily Property, Richardson, TX – This 105-unit multifamily property received $5,226,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
- Castle Loma, Mesquite, TX – This 98-unit multifamily property received $4,912,900 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Warren Terrace & Warren West Apartments, Forth Worth, TX – This 224-unit multifamily property received $4,120,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Tierra del Sol Apartments, Irving, TX – This 260-unit multifamily property received $4,000,000 funded under the Fannie Mae DUS Loan product line. The eight-year refinance loan amortizes on a 30-year schedule.
- Palm Tree Apartments, San Antonio, TX – This 56-unit multifamily property received $3,083,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Huntington Park Apartments, Beaumont, TX – This 92-unit multifamily property received $2,816,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Medlin Square, Arlington, TX – This 47-unit multifamily property received $1,713,901 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Jefferson House Apartments, Beaumont, TX – This 42-unit multifamily property received $1,560,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Arkansas Villas, Arlington, TX – This 24-unit multifamily property received $1,000,000 funded under the Fannie Mae DUS Small Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
Tennessee – $37.3M
- Multifamily Property, Memphis, TN – This 209-unit multifamily property received $16,500,000 funded under the Arbor Bridge Loan product line.
- Multifamily Property, Memphis, TN – This 208-unit multifamily property received $8,500,000 funded under the Arbor Bridge Loan product line
- Multifamily Property, Memphis, TN – This multifamily property received $6,620,000 funded under the Arbor Bridge Loan product line.
- Multifamily Property, Memphis, TN – This multifamily property received $5,700,000 funded under the Arbor Bridge Loan product line.
North Carolina – $25.1M
- Montclaire Estates, Charlotte, NC – This 301-unit multifamily property received $17,930,600 funded under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule.
- Chesterfield Apartments, Winston-Salem, NC – This 294-unit multifamily property received $7,134,063 funded under the Fannie Mae DUS Loan product line. The 10-year assumption loan amortizes on a 30-year schedule.
New York – $21.4M
- Amherst Garden Apartments, Buffalo, NY – This 202-unit multifamily property received $11,000,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
- Multifamily Property, Rochester, NY – This multifamily property received $5,200,000 funded under the Arbor CMBS Loan product line.
- Bryant Place Apartments, Buffalo, NY – This 32-unit multifamily property received $2,665,000 funded under the Fannie Mae DUS Small Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
- Clarendon Heights, Rochester, NY – This 256-unit multifamily property received $2,521,000 funded under the Fannie Mae DUS Supplemental Loan product line. The seven-year supplemental loan amortizes on a 30-year schedule.
Missouri – $18.7M
- Multifamily Property, Kansas City, MO – This multifamily property received $18,712,000 funded under the Arbor Bridge Loan product line.
Nevada – $7.5M
- Woodhaven Apartments, Las Vegas, NV – This 225-unit multifamily property received $7,475,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.
New Jersey – $4.3M
- Multifamily Property, Cinnaminson, NJ – This multifamily property received $4,340,000 funded under the Arbor Bridge Loan product line.
Georgia – $4.2M
- Cresthill Townhome, Flowery Branch, GA – This 58-unit multifamily property received $4,200,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.
South Carolina – $3.2M
- Multifamily Property, Columbia, SC – This multifamily property received $3,165,000 funded under the Arbor Bridge Loan product line.
A majority of the loans referenced above were closed prior to Arbor Realty Trust’s acquisition of Arbor Commercial Mortgage’s commercial real estate financing business. Those loans were closed exclusively under Arbor Commercial Mortgage