Arbor Secures $48.8M in Financing for Multiple Multifamily Transactions in South Carolina
UNIONDALE, NY (December 17, 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, recently closed five deals totaling $48.8M, spanning over 775 multifamily units in South Carolina, with the joint venture of Friedlam Partners and EBEX Holdings.
“At Arbor, our clients are our partners and we will go above and beyond for them,” said Alex Kaushansky, Vice President, Originations at Arbor Realty Trust Inc. “Our ability to utilize multiple loan products to meet the needs of our partner is what has grown this partnership.”
The transactions included:
- Willow Glen, a 96-unit property located in Rock Hill, SC, received a $5M acquisition loan under the Freddie Mac Small Balance Loan program.
- The Gramercy and Fields Riverview, adjoining properties totaling 292 units located in Rock Hill, SC, received $19.3M in bridge financing.
- Carolina Crossing, a 267-unit property located in Rock Hill, SC, received $17.5M in acquisition funding through the Fannie Mae Green Financing® program.
- Summer Creek, a 120-unit property located in Goose Creek, SC, received a $7M acquisition loan under the Fannie Mae Green Financing® program.
“We at EBEX Holdings were extremely pleased to work with Arbor Realty Trust on these multiple transactions,” said Evan Goldenberg, Principal, Ebex Holdings. “We were presented multiple product choices by Alex to service the different needs of our transactions, which made the process of securing financing for these properties much easier than expected.”
“Securing financing for multiple acquisitions is not a simple process, but Arbor went above and beyond to make the process as seamless as possible,” said Nathan Friedman, Principal, Friedlam Partners. “We have a long-standing partnership with Arbor and look forward to continuing to grow it.”
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.
Contact: John DeLibero