Arbor Funds $5.4M Fannie Mae Portfolio in Arkansas
UNIONDALE, NY (February 18, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae portfolio in Arkansas. The two housing properties, totaling 111 units, received $5.4M in acquisition funding. The loans have 12-year terms, one year of interest only payments, followed by a 30-year amortization period.
Jonathan Chaim of Arbor’s New York City office originated the loans.
“At Arbor, relationships are the foundation of our business,” Chaim said. “Through our trusted partnership with Fannie Mae, we were able to secure the best customized solution for each of these properties to align with our borrower’s needs.”
Jefferson Court Apartments, located in Pine Bluff, Arkansas, received $2.9M through the Fannie Mae Small Green Rewards Loan program. The 63-unit multifamily property was built in 1971 and includes one- and two-bedroom apartments. It features a pavilion building with storage rooms, a central laundry facility, picnic area and underground parking for residents.
Country Estates Manor, located in White Hall, Arkansas, received $2.5M in financing through the Fannie Mae Small Loan program. The 48-unit complex was built in 1999. The property includes a swimming pool and a clubhouse.
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.
Jefferson Court Apartments – Pine Bluff, AR
Country Estates Manor – White Hall, AR
Jonathan Chaim – Originations