Arbor Commercial Mortgage Named Newest Freddie Mac Program Plus® Lender
UNIONDALE, NY (March 31, 2014) – Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, has been approved by Freddie Mac’s as its newest Program Plus® multifamily lender and in-house servicer.
Freddie Mac’s Program Plus network is a highly selective group of experienced multifamily lenders with more than 150 branches across the nation. Program Plus Seller/Servicers are approved by Freddie Mac for specific geographic areas. Arbor has been approved as a seller and servicer for New York, New Jersey and Connecticut.
“We are extremely pleased to have been named as Freddie Mac’s newest Program Plus seller and servicer,” stated Ivan Kaufman, Chairman and CEO of Arbor. “As a leading multifamily lender, the attractive financing programs our clients will now be able to access through Freddie Mac will complement the other diverse and flexible commercial loan products we have offered the industry for the past two decades. We look forward to a long and successful relationship with our newest partner and to providing our loyal clients with another financing option to suit their business goals.”
“We are pleased to approve Arbor Commercial Mortgage as a Program Plus lender,” added John Cannon, Senior Vice President of Production and Sales for Freddie Mac. “Freddie Mac only purchases multifamily mortgages through the nation’s best locally based lenders who have years of lending expertise and proven track records of success. Based on in its long-standing multifamily financing experience and the expertise of its senior management team, Arbor is a logical and complimentary addition to our family of lenders. We look forward to partnering with Arbor for the betterment of borrowers for years to come.”
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in loan origination and servicing for multifamily and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS Loan Multifamily Lender by origination volume, a Freddie Mac Program Plus Seller/Servicer, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-Approved LIHTC Lender as well as a CMBS, Bridge and Mezzanine lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $10.8 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s and holds an Above Average rating from 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.