Arbor Funds $7M in Fannie Mae Small Loans Across the U.S.
UNIONDALE, NY (September 5, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded three loans totaling $7M under the Fannie Mae Small Loans program:
- Spanish Viento Apartments, Little Rock, AR
This 109-unit community features scenic, tree-lined homes and a pool. It’s close to local shopping and attractions such as the Little Rock Zoo, Central Arkansas Nature Center, and the Museum of Discovery. Built in 1972 and renovated in 2018, the property received $3.5M in acquisition funding.
- Santos Villas, Tampa, FL
This 40-unit, two-story complex features amenities such as balconies, smoke-free options, on-site parking and high speed internet access. Convenient to shopping centers, recreation and local transportation, Santos Villas received $1.8M in acquisition funding.
- Treetop Haven Luxury Apartments, Milcreek, UT
These spacious new apartments feature amenities ranging from smart home technology to valet trash pickup to stainless steel appliances and hard wood style floors. Located near a variety of shopping, restaurant and entertainment alternatives, the property received $1.7M in refinance cash-out funding.
Sam Schwass of Arbor’s New York City office originated the loans and stated, “This portfolio demonstrates our leadership role in the Fannie Mae Small Loans market. It’s also a good example of how we are satisfying the unique needs of a wide range of borrowers across the country with diverse properties and locations.”
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.
Spanish Viento, Little Rock, AR
Sam Schwass – Originator