Arbor Funds $5.3M Freddie Mac SBL Deal in Half Moon Bay, CA
UNIONDALE, NY (April 27, 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 Half Moon Bay, CA.
Mavericks Apartments, a 12-unit multifamily property received $5,375,000 refinancing under a Freddie Mac SBL program. The deal provides a 5-year hybrid loan term with a 30-year amortization schedule.
Eric Regenbogen of Arbor’s Uniondale office originated the loan. “A sophisticated West Coast developer wanted a creative solution for recapturing some equity, as well as lowering previous construction cost of capital. Arbor was able to structure a product that did just that,” said Regenbogen. “Commitment to quality and service is something that is engrained in our foundation and was definitely apparent on this loan.”
Located near Downtown San Francisco in the El Granada neighborhood of Half Moon Bay, this multifamily property offers luxury living on the coast. Built in 2017, this access controlled green building offers 2-3 bedroom rentals with high quality finishes, spacious private balconies and outdoor entertaining space.
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.