Arbor Realty Trust Funds Freddie Mac SBL deal in Capitol Heights, MD.

Sam Schwass

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Freddie Mac SBL deal in Capitol Heights, MD.  Crest Apartments, a 44-unit multifamily property, received $5M in funding through the program. The deal features a 10-year hybrid term with one year of interest only and a 30-year amortization schedule. Sam Schwass of Arbor’s New York City office originated the loans. Crest Apartments, Capital Heights, MD “This deal was a prime example of Arbor’s ability to execute on any loan,” Schwass said. “Our team overcame many hurdles and was driven by our expertise in the agency space.  "In the end, we were able to successfully create a package that perfectly fit our sponsor’s request. Now we look forward to establishing a long-term relationship with an experienced investor in the DC market!” Built in 1972, Crest Apartments are located in Prince George's County near Route 4 and the Capital Beltway (I-495). The property offers 1-, 2- and 3-bedroom residences, on-site parking, air conditioning and wheelchair accessibility. Contacts:  Bina Handa Tel: 516.506.4229 bhanda@arbor.com Dan Israeli DIsraeli@arbor.com