Arbor Funds $7.5M Freddie Mac SBL Refinance Deal in Sumner, WA
UNIONDALE, NY (January 25, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac SBL deal in Sumner, WA. Cavalla Apartment Homes, a 72-unit multifamily property, received $7.5M in funding through the Freddie Mac SBL program. The refinance deal features a 10-year hybrid term.
Jonathan Chaim, of Arbor’s New York City office, originated the loan.
“This deal reflects the innovative solutions Arbor is able to customize for its clients,” said Chaim. “We were proud to execute this high quality loan in the Seattle–Tacoma–Bellevue, WA Metropolitan Statistical Area, one of the most populated regions in the country and a top Freddie Mac market.”
Built in 2005, Cavalla Apartment Homes offer beautiful two-story residences with gourmet kitchens, washer/dryer units, personal garages, tiled fireplaces, private balconies and a shared gazebo.
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.
Cavalla Apartment Homes – Sumner, WA
Jonathan Chaim – Originations