Arbor Funds $7.4M Fannie Mae DUS® Loan in Thomasville, GA
UNIONDALE, NY (February 25, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Thomasville, GA, for a 152-unit multifamily property. Abbey Lakes Apartment Homes received $7.4M in funding through the program with a 10-year fixed rate term.
James Fiesel of Arbor’s New York City office originated the loan.
“Through our deep expertise and commitment to customized solutions, our team was able to provide leverage and interest only terms in a secondary market,” Fiesel said. “This successful deal execution is a testament to the borrower’s track record and Arbor’s strong partnership with Fannie Mae.”
Abbey Lake Apartment Homes, a pet-friendly community located minutes from the city, offer 1-, 2- and 3-bedroom floor plans. The amenities include two swimming pools, a fishing pond, spacious units with balconies and patios, two laundry facilities and 24-hour maintenance service.
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.
Abbey Lake Apartment Homes – Thomasville, GA
James Fiesel – Originations