Monday, August 12, 2019

Arbor Funds $23 Million Fannie Mae DUS® Green Rewards Loan in Pembroke Park, FL


Alexander Kaushansky


                                    
UNIONDALE, NY, Aug. 12, 2019 – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards Loan in Pembroke Park, FL.

The property received $23M in cash-out refinancing through the program. The loan provides a 12-year fixed, full term rate with four years of interest only.

Alexander Kaushansky of Arbor’s New York City office originated the loan.

“We were glad to provide the bridge debt in order for our client to stabilize and create value for Azure Villas and our borrower was also excited to take advantage of the low rate FNMA loan,” Kaushansky said.

Azure Villas
 “Arbor’s multiple products and seamless transition to permanent financing are integral to the success of strong real estate owners and operators.”

Azure Villas, a 226-unit multifamily garden-style property, was built in 1971. On-site amenities include a swimming pool, clubhouse, playground and common laundry area.

Azure is centrally located just minutes from downtown Ft. Lauderdale and Miami with easy access to premium shopping, dining, entertainment and nightlife.

Contact:

Bina Handa
Tel: 516.506.4229

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