Arbor Funds $28M Fannie Mae DUS® Loan in Houston, TX
UNIONDALE, NY (May 21, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Houston, TX. The Casa Verde Apartments received $28M in refinance funding through the program.
Brian Scharf of Arbor’s Uniondale office originated the loan.
“This transaction highlights our ongoing ability to provide liquidity to our borrowers in the current environment,” Scharf said. “At Arbor, we take pride in finding customized financial solutions that result in successful outcomes for our clients.”
Casa Verde Apartments were built in 1973 and renovated in 2010. The 384-unit complex includes one-, two-, three- and four-bedroom floor plans with central air conditioning, walk-in closets and hardwood flooring. The gated property features a clubhouse, swimming pool and playground. Shopping, dining and entertainment are nearby.
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.
Casa Verde Apartments – Houston, TX
Brian Scharf – Vice President, Originations