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How Big is Small Cap Multifamily?

A closer look at the multifamily housing inventory in the United States and the size of the small cap investment opportunity.

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Multifamily Forecast: Investors Moving to Secondary Markets

The apartment sector has remained the darling of the commercial real estate for the past six years. This doesn’t appear to be changing anytime soon, as 2016 is expected to set a new record for multifamily mortgage origination volume. While multifamily’s position as top dog remains uncontested, savvy investors are altering their strategy for sourcing Read the full article…


Arbor Originates $41.65M Bridge Loan for Skilled Nursing Facility in Syracuse, NY

UNIONDALE, NY (February 21, 2018)Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, announced the recent funding of a $41,650,000 bridge loan for the acquisition of James Square Health and Rehabilitation Center, a 440-bed skilled nursing facility located in Syracuse, NY.

Alexander Kaushansky, Vice President, Originations at Arbor Realty Trust, arranged financing for the property, which offers long-term nursing and rehabilitation services. The bridge loan carries an initial term of 36 months and was underwritten with plans for a HUD takeout loan upon completion of the business plan.

“This was a very complex transaction, but we were able to get behind the business plan to offer the most aggressive terms possible,” Kaushansky said. “In the end, it was a pleasure working with a team so passionate about breathing new life into this facility.”

New York-based seniors housing and healthcare firm VestraCare acquired James Square from a Chicago-based seller. The new ownership has immediate plans to appoint a new property administrator, retrain staff, rebrand the community and invest over $4,000,000 in capital improvements as part of an overall repositioning strategy. Edward Farbenblum, a tenured healthcare operator and principal at VestraCare, has successfully executed similar turnaround strategies at three other skilled nursing facilities in New York State.

“James Square is a well-located property in close proximity to Syracuse’s medical district that unfortunately has experienced more than its fair share of struggles,” Farbenblum said. “We were quickly able to identify several areas for physical and operational improvements, and are grateful for being connected to a financial partner like Arbor who was able to see our vision for the property.”

Evan Goldenberg of EBEX Holdings assisted all parties in the financing. Ari Dobkin, Managing Director at Meridian Capital Group, represented Mr. Farbenblum to Arbor.

“While Arbor is known as a powerhouse in the multifamily lending space, they aren’t the first name that comes to mind in healthcare – I think that is now starting to change,” Dobkin said. “Alex and his team were able to quickly get us to the closing table with extremely competitive loan terms that set James Square up for long-term success.”

James Square features two, four-story nursing facilities built in 1970 and 1982 and a single-story maintenance facility constructed in 2014, all situated on 5.5 acres. Amenities at the property include an activities room, barber/beauty salon, dining hall, recreation room, outdoor courtyard, full-service pharmacy and a physical therapy room.

“This transaction is indicative of Arbor’s growing commitment to serving the healthcare sector,” said Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust. “The new operators have a reputable track record of revitalizing similar assets, and we are happy to provide a creative loan solution that will help provide a better quality of life for hundreds in the Syracuse area. We are very committed to growing our healthcare business and have large funding goals for 2018.”

About Us
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABRABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we’re more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.

Founded by Chairman and CEO Ivan Kaufman, Arbor Realty Trust, Inc. is a real estate investment trust and direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume and a Top Fannie Mae Small Loan lender, a Freddie Mac Seller/Servicer and the Top Freddie Mac Small Balance Loan Lender, a Fannie Mae and Freddie Mac Seniors Housing Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. With a multibillion-dollar servicing portfolio, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.