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Home | Success Stories | Large Multifamily Acquisition: $32.3M Freddie Mac Conventional Loan

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Success Story: Large Multifamily Acquisition

A panoramic view of how Arbor grows financial partnerships through successful

product executions that deliver results for our clients

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$32.3M Freddie Mac Conventional Fixed-Rate Loan

196

Units

VA

Virginia Beach

2013

Year Built

Situation

An experienced value-add multifamily owner was looking for financing to acquire a large multifamily property in Virginia Beach, Va. The property is unique in that it’s located near a naval base, and as a result, it has a concentration of tenants in the military. The situation was more complex due to the deal’s borrower structure, which included multiple investors. As the borrower had a previous business relationship with Arbor and the sales broker, the borrower felt comfortable with Arbor’s ability to not only guide them to the right financing for their needs but also provide them with the certainty of execution to deliver.

Arbor Action

As a result of Arbor’s strong internal collaboration between its underwriting and originations departments, as well as its strong partnership with Freddie Mac, the deal was able to be financed with competitive terms and on time. 

Result

Arbor was able to execute a 10-year, $32.3 million fixed-rate loan under the Freddie Mac Conventional loan program. Despite the complexity of the deal, Arbor was able to secure the best financing possible for the borrower’s business goals while providing the borrower with peace of mind that the transaction would successfully close.

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For more details on the Freddie Mac Conventional Fixed-Rate Loan program, view our term sheet.