Arbor Funds $3.2M Fannie Mae Small Loan In Myrtle Beach, SC
UNIONDALE, NY (May 21, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Myrtle Beach, SC. The Avenue North – Myrtle Beach Portfolio received $3.2M in funding through the deal.
Eric Regenbogen of Arbor’s Uniondale office originated the loan.
“I’m privileged to work with a valued client who has a strong presence in this market,” said Regenbogen. “I am also proud of Arbor’s ability to provide an attractive, long-term agency debt execution that was facilitated by our deep product expertise. I look forward to working with this client in the future.”
The Avenue North – Myrtle Beach Portfolio consists of 48-units across five, multifamily buildings. These garden-style, seaside homes are conveniently located less than a mile from the beach, restaurants and shopping.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, 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.
The Avenue North – Myrtle Beach Portfolio, SC
Eric Regenbogen – Originations