Arbor Surpasses $1B in Freddie Mac SBL This Year to Date
UNIONDALE, NY (December 11, 2017) – 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, today announced it recently achieved yet another milestone in its small balance loan history by funding $1 billion through the Freddie Mac Small Balance Loan (SBL) program in less than a year’s time.
Arbor has been the top Freddie Mac SBL loan lender for two years straight and was a key contributor to the development of the Freddie Mac SBL platform, which launched in late 2014. Earlier this year, Arbor was recognized with the distinction of being the first lender to reach the $2 billion origination mark since the program’s inception.
“The continued year-over-year increase in Freddie Mac SBL funding is yet another indicator of the strong demand for a consistent, streamlined product that serves the type of housing our nation’s workforce calls home,” says Ivan Kaufman, Chairman, President & CEO of Arbor Realty Trust, Inc. “Freddie Mac’s commitment to developing a competitive loan product continues to evolve to meet the changing demands of today’s multifamily investors on a national basis.”
The Freddie Mac SBL program – which provides competitive non-recourse funding for multifamily loans between $1 million and $7.5 million nationally – offers Arbor clients flexible terms through the availability of six different fixed-rate and hybrid ARM financing solutions, with amortization up to 30 years and LTVs up to 80% in certain markets.
“Arbor’s commitment to speed, efficiency and customer service has helped propel our Small Balance Loan Program to new heights,” said David Brickman, Executive Vice President and Head of Freddie Mac Multifamily. “We congratulate Arbor on reaching yet another SBL milestone. As we look to 2018, we are excited by the prospect of further success made possible by our continued partnership.”
Arbor is known for its long-standing success in the small balance lending sector and has worked to become an innovator in this space through such initiatives as the 2016 launch of Arbor LoanExpress (ALEX), believed to be the first ever, all-agency, online loan origination platform developed for direct borrowers, brokers and correspondent lenders. Arbor has also developed a leading small balance multifamily news and insights blog known as ALEX Chatter that is dedicated to providing unique research for small balance investors through an exclusive partnership with distinguished professor and economist Sam Chandan, PhD and his firm, Chandan Economics.
About Us
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE:ABR) 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 current servicing portfolio of more than $15 billion, 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.