28 Sep. 2017

Arbor Funds $275.8M in Agency-Backed Multifamily Loan Transactions

Arbor Funds $275.8M in Agency-Backed Multifamily Loan Transactions

UNIONDALE, NY (Sep. 28, 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, recently funded 57 loans totaling $275,864,000 spanning New York to California under the Fannie Mae DUS® Loan and Freddie Mac SBL product lines. Brian Scharf, Vice President of Originations in Arbor’s Uniondale, New York office, originated the loans.

“As the leading multifamily small balance lender in the country, Arbor is expertly suited to provide both the high level expertise and customer service that’s required for small balance investors as well as those with larger transactions,” Mr. Scharf said.

Among the 57 transactions, properties include:

  • Larkspur Pointe, Simpsonville, SC – This 144-unit multifamily property received $14,500,000 funded under the Fannie Mae DUS® Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
  • Upper East Portfolio, Dallas, TX – 15 multifamily apartment buildings located at various addresses received $17,500,000 funded under the Fannie Mae DUS® Green Rewards Loan product line. The ten-year, refinance loan amortizes on a 30-year schedule.
  • Manor at Castle Hills, San Antonio, TX – This 306-unit multifamily property received $24,000,000 funded under the Fannie Mae DUS® Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
  • Hesperian Falls, Las Vegas, NV – This 300-unit multifamily property received $10,600,000 funded under the Fannie Mae DUS® Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
  • Camaron at Woodcrest, Tallahassee, FL – This 222-unit multifamily property received $11,900,000 funded under the Fannie Mae DUS® Green Rewards Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
  • Seagull Apartments, Kirkland, WA – This 21-unit multifamily property received $4,775,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.
Aspen Lakes Estates Apts. Danbury Apts.
Larkspur Pointe, Simpsonville, SC
Manor at Castle Hills, San Antonio, TX
Hesperian Falls
Hesperian Falls, Las Vegas, NV
 

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.

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