Arbor Funds $9.9M Seniors Housing Portfolio in St. Louis, MO
UNIONDALE, NY (January 28, 2020) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed an acquisition loan for a Seniors Housing portfolio in St. Louis, MO. The properties received $9.9M in funding with a 24-month term.
Austin Walker of Arbor’s New York City office originated the loan.
“This deal enabled our client to secure short-term financing on two affordable senior housing properties in an optimal location,” Walker said. “The financial structure of this loan exemplifies Arbor’s commitment to identifying and executing customized solutions to align with our borrowers’ needs.”
This 240-units are located near Downtown St. Louis with the iconic Fox Theatre, Missouri Botanical Garden, museums, restaurants and shopping nearby.
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.
Seniors Housing Portfolio – St. Louis, MO
Austin Walker – Originations