Arbor Funds $6M Freddie Mac SBL Deal in Las Vegas, NV
UNIONDALE, NY (September 6, 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 Small Business Loan in Las Vegas, NV.
Desert Rose Apartments, a 236-unit multifamily property received $6M in acquisition funding under the Freddie Mac SBL program. The deal provides a 7-year fixed rate loan term.
Jonathan Chaim of Arbor’s New York City office originated the loan. “The Freddie Mac SBL was the ideal product for my client as it streamlined the entire loan process and provided exceptional terms,” said Chaim. “The small balance market continues to grow, and at Arbor we treat small loans with the same importance as large loans. Arbor provides flexible and personalized multifamily financing to take advantage of today’s dynamic market, no matter the size of the deal.”
Desert Rose was built in 1978 and recently underwent renovation to some of its units. The property is centrally located and close to shopping and public transportation. Amenities include free utilities, on-site laundry, and a sparkling outdoor pool.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.
Desert Rose Apartments – Las Vegas, NV
Jonathan Chaim – Originator