Arbor Funds $3.3M Fannie Mae Small Loan Deal in Anchorage, AK
UNIONDALE, NY (October 22, 2018) – 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 a $3.3M Fannie Mae Small Loan deal in Anchorage, AK.
The properties, located at 2805 West 31st St. and 3400 Eureka St., received $3.3M in combined funding through Fannie Mae’s Small Loan program. Each loan comes with a 15-year term and a 30-year amortization schedule.
Eric Regenbogen of Arbor’s Uniondale office originated the loan. “This is just another example of the quality and service Arbor offers,” said Regenbogen. “I was able to structure two long-term loans for clients that were actively pursuing deals in Alaska. It was a pleasure working with them and I look forward to many more transactions with this group.
2805 West 31st St. and 3400 Eureka St. are both multifamily properties, equipped with 23 and 41 units, respectively. 3400 Eureka St. includes private balconies, elevator service, and a laundry room, while 2805 West 31st St. includes a laundry room and storage closets available for tenants to rent. Both properties are in close proximity to highway access, parks, and Ted Stevens Anchorage International Airport.
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 Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.
2805 West 31st St., Anchorage, AK
Eric Regenbogen – Originations