Arbor Funds $4.5M Freddie Mac Small Balance Loan (SBL) in Aurora, CO
UNIONDALE, NY (September 30, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $4.5M Freddie Mac Small Balance Loan (SBL) in Aurora, CO. Arbor provided the financing for Montego Apartments, a 40-unit multifamily property.
Eugene Yanovskiy of Arbor’s New York City office originated the loan.
“This loan is a perfect example of the type of flexibility Arbor can offer its clients to meet their unique needs, in this case, through the suite of Freddie Mac products,” said Yanovskiy. “The 20-year term hybrid loan provides a five-year initial fixed rate, followed by a 15-year adjustable rate mortgage (ARM), with 12 months interest only and stepdown prepayment. This customized solution was perfect for our borrower.”
Built in 1970 and renovated in 2019, Montego Apartments is a three-story, garden style walk-up building. The property is close to the Aurora Mall, the Medical Center of Aurora, as well as nearby hotels.
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.
Montego Apartments – Aurora, CO
Eugene Yanovskiy – Originator