Arbor Funds $5.2M CMBS Loan in Lynn Haven, FL
UNIONDALE, NY (April 19, 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 CMBS loan in Lynn Haven, FL.
The 148-unit manufactured property received $5,233,000 for refinance cash out under Arbor’s CMBS Program®. The deal provides a 10-year fixed term with a 30-year amortization schedule.
James Fiesel of Arbor’s New York City office originated the loan. “Thanks to solid sponsorship and creativity from the Arbor team, we were able to successfully close an aggressive refinance loan for a multifamily manufactured housing complex,” said Fiesel.
Located near Panama City, this pet-friendly apartment community offers remodeled studios, 1 and 2 bedroom rentals in a park-like setting. Amenities include laundry facilities, fitness and business centers, as well as patio and garden areas.
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.