Arbor Funds $20.1M in Combined Freddie Mac SBL and Fannie Mae Green Rewards Deal in North Carolina
UNIONDALE, NY (October 4, 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, announced the recent combined funding of $20,190,000, under the Fannie Mae DUS® Green Rewards and Freddie Mac SBL product lines, provided to New Jersey-based Friedlam Partners for the acquisition of Crown Point Luxury Apartment Homes, a 311-unit portfolio with multiple locations in Concord and Salisbury, North Carolina.
The Freddie Mac SBL acquisition loans provide fixed rate, 10 year terms with 3 years of interest only and a step-down prepay while the Fannie Mae DUS® Green Rewards loan offers a fixed rate 12 year term with 3 years of interest only.
The loans were originated by Alexander Kaushansky, Vice President, in Arbor’s New York office. “The Fannie Mae Green Rewards program provided a lot of flexibility with prepay terms and eliminated extra points. By combining it with the Freddie Mac SBL for the remaining fifty percent of the financing, Arbor was able to provide the perfect solution,” Mr. Kaushansky said. “Arbor’s ability to meet the unique needs of our clients deal after deal and time after time is why our clients come back to us!”
The Crown Point Luxury Apartment Homes are equipped with modern amenities including ceramic tile backsplashes, stainless steel appliances, patios/balconies, fire pits, playgrounds, swimming pools, business centers, and clubhouses.
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.« view all Press Releases