Arbor’s FHA Lending Group Accelerates Expansion with Hiring of Matthew Carey, VP of FHA Lending
UNIONDALE, NY (Jan. 7, 2013) – Arbor Commercial Mortgage, LLC (“Arbor”), a leading national direct commercial real estate lender, has further expanded its multifamily and seniors/healthcare lending capabilities under the HUD/FHA loan programs with the appointment of Matthew Carey as Vice President of FHA Lending in the company’s Cleveland, OH, office.
As Vice President of FHA Lending, Mr. Carey oversees Arbor’s daily FHA Multifamily Accelerated Processing (MAP) and LEAN (seniors housing/healthcare) loan production, including the coordination of its underwriting strategy and the integration of Arbor’s Bridge-to-HUD loan program. He will also oversee the continued expansion of Arbor’s regional FHA underwriting staff. He reports to Joseph Donovan, Senior Vice President, Director of FHA Lending.
“Matt’s unique blend of leadership and extensive FHA underwriting experience will play an important role in expanding Arbor’s FHA multifamily and healthcare lending business,” Mr. Donovan said.
Mr. Carey has more than 10 years of experience in commercial lending and underwriting, and he holds both LEAN (healthcare) and MAP (multifamily) HUD designations, qualifying him to submit applications to HUD for all FHA property types and programs. Mr. Carey has successfully underwritten and submitted more than $200 million in LEAN and MAP applications and has closed more than $100 million since 2009.
Previous to Arbor, Mr. Carey held the position of Senior FHA Underwriter and then FHA Deputy Chief Underwriter at KeyBank Real Estate Capital. Prior to that, Mr. Carey served as MAP Underwriter for Love Funding Corporation.
Mr. Carey earned his Bachelor of Arts degree from Cleveland State University. He resides in Strongsville, OH.
As an approved FHA Multifamily Accelerated Processing Lender, Arbor’s FHA group provides borrowers access to all FHA-insured multifamily and healthcare loan programs on an expedited basis. Arbor also provides bridge loans that are underwritten to a permanent FHA loan take out.
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in finance origination and loan servicing for multifamily and other diverse commercial assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender and an FHA Multifamily Accelerated Processing (MAP) Lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $10 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s. Arbor is also on the Standard & Poor’s Select Servicer List.
Arbor Commercial Mortgage, LLC also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in mortgage-related securities, real estate-related bridge, junior participating interests in first mortgages, mezzanine loans, preferred and direct equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, with full-service lending offices throughout the United States. For more information about Arbor, visit www.arbor.com.