Arbor Funds $3.3M Freddie Mac SBL Deal in Yonkers, NY
UNIONDALE, NY (June 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 Freddie Mac SBL deal in Yonkers, NY.
A 50-unit multifamily property recently received $3,296,000 in acquisition funding. The deal provides a 5-year fixed-rate nonrecourse loan term with a 30-year amortization schedule.
Matt Madacsi of Arbor’s New York office originated the loan. “Arbor was able to secure favorable financing terms that not only met our client’s expectations, but far exceeded them. Our Arbor Loan Express (ALEX) platform delivered a smooth, efficient and transparent underwriting process that continues to impress borrowers and brokers alike.”
Conveniently located in Westchester County, just three miles north of Manhattan and adjacent to scenic Van Cortland Park, this five-story apartment building offers 1-3 bedroom rentals.
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 multibillion-dollar servicing portfolio, 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.
48 Caryl Ave. — Yonkers, NY
Matt Madacsi — Originator