Arbor Funds $7.4M Fannie Mae DUS® Green Rewards Loan in Tallahassee, FL
UNIONDALE, NY (January 7, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Tallahassee, FL. The property received $7.4M in financing through the program, with a 12-year fixed rate and 30-year amortization schedule.
Sam Schwass of Arbor’s New York City office originated the loan.
“This loan highlight’s Arbor’s commitment to finding the ideal financial solutions for all of our borrowers,” Schwass said. “The Fannie Mae DUS® Green Rewards program enabled our client to lock in at a low interest rate and secure the necessary funds to renovate this property and enhance living conditions for the tenants.”
The Sabal Court Apartments were built in 1967 and are newly renovated. The two-story multifamily complex features one-, two- and three-bedroom apartments with redesigned kitchens and open floor plans for entertaining. The property includes a picnic area, swimming pool and playground. It is in close proximity to entertainment, retail shopping and medical facilities. Florida State University and Tallahassee Community College are just two miles away.
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.
Sabal Court Apartments – Tallahassee, FL
Sam Schwass – Originations