Arbor Funds $4.48M in Fannie Mae DUS® Deal in Knoxville, TN
UNIONDALE, NY (March 2, 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 Fannie Mae DUS® loan in Knoxville, TN.
Sunset Rill Apartments, a 180-unit property, received $4,478,000 in acquisition funding under a Fannie Mae DUS Loan program. The deal provides a 7-year fixed term with a 30-year amortization schedule.
Matt Madacsi of Arbor’s NYC office originated the loan. “Arbor’s focus is simple: there is deep-rooted expertise in the multifamily asset class. It is because of this proficiency that we are able to provide customized loan solutions to all of our clients with their goals in mind. As a leader in the industry, we have even been able to enhance the agency process through the development of our ALEX platform, an online lending tool that allows for quicker loan evaluations and greater levels of transparency. This forward-thinking allows me to focus on building relationships knowing that I have the strength of a skilled and professional institution behind me.”
Located off I-40 in the prestigious Holston Hills area, the pet-friendly apartment complex is minutes from Downtown Knoxville and offers spacious 1-3 bedroom floor plans and amenities that include a swimming pool, clubhouse, cable and hi-speed internet, and laundry facilities.
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABRABR) 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.