Saturday, August 3, 2019

Arbor Funds $12.8 Million Fannie Mae DUS® Loan in Tucker, GA


                                     
Robert Mendeles
  
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Dus Loan in Tucker, GA.

 Pinewood Townhomes, a 98-unit multifamily property, received $12.8M in acquisition funding through the transaction. The hybrid loan provides a five year, fixed-rate term.

Robert Mendeles of Arbor’s Englewood Cliffs office originated the loan.

“Pinewood represents another example of Arbor being in tune with our clients and their borrowing needs,” said Mendeles. “This borrower has completed more than 20 transactions with us, covering nearly our entire product line. 

Pinewood Townhomes, Tucker, GA

"This is their first loan using Fannie Mae’s Green Financing Program, which we’re particularly excited about.

"As soon as we presented them with the benefits and reduced borrowing costs of ‘going green’, they saw the obvious advantages and knew they wanted to use Arbor’s expertise to close the loan!”

CONTACT:

Bina Handa
Tel: 516.506.4229

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