Thursday, January 17, 2019

Arbor Funds $1.4 Million Fannie Mae DUS® Small Loan in Sacramento, CA


Jared Stein

 UNIONDALE, NY– 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 a Fannie Mae DUS® Small Loan in Sacramento, CA. 

380 Morrison Avenue,
 Sacramenton, CA

Two properties, 380 Morrison Avenue and 2753 Del Paso Boulevard, received a combined $1.4M in funding through the Fannie Mae DUS Small Loan program. The deal comes with a 30-year fixed term.

Jared Stein of Arbor’s New York City office originated the loan.

“It was a pleasure working with a local investor in Sacramento who was looking to lock in long-term debt on two properties that were a mile away from each other,” Stein said.

“Thanks to Arbor’s creativity and flexibility, we were able to put these properties on one loan and subsidize processing costs for an emerging borrower.”

Built in 1991, 380 Morrison Avenue consists of six townhouse-style units totaling 6,144 square feet. Each unit is a two-story, two-bedroom residence offering washer/dryer hookups, patios and dedicated parking spaces.

2753 Del Paso Boulevard
Sacramenton, CA
 Built in 1963 and renovated in 1985, 2753 Del Paso Boulevard consists of seven units totaling 4,856 square feet. 

The units are wheelchair accessible and provide air conditioning and high-speed internet access.


CONTACTS:

Bina Handa
Tel: 516.506.4229

Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
800.ARBOR.10

HFF Atlanta establishes industrial investment advisory team with hiring of Dennis Mitchell and Matt Wirth


Matt Wirth
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has established a dedicated industrial investment advisory team in its Atlanta office with the addition of senior managing director Dennis Mitchell and managing director Matt Wirth.  

Mr. Mitchell and Mr. Wirth will be a part of HFF’s national industrial investment advisory team led by executive managing director Jody Thornton and senior managing director Rusty Tamlyn. 

The team joins HFF from Colliers International, where they were both senior vice presidents and principals, and collectively closed more than $2.5 billion of industrial transactions totaling more than 36 million square feet.

Dennis Mitchell
Mr. Mitchell has more than 30 years of experience in the commercial real estate industry. 

He is a Certified Commercial Investment Member (CCIM) and a previous board member of the Georgia Chapter of the Society of Industrial and Office Realtors (SIOR), as well as a member of the Atlanta Commercial Board of Realtors. 

Mr. Mitchell holds a BBA in Finance from the University of Georgia.

Mr. Wirth has more than 15 years of experience in brokerage, acquisitions, capital markets and asset management.  

Rusty Tamlyn
He is an active member of the National Association of Industrial and Office Properties (NAIOP) and the Atlanta Commercial Board of Realtors (ACBR).  Mr. Wirth is also a graduate of the University of Georgia, holding a Bachelor of Business Administration degree in Real Estate.  

“We are extremely honored and excited to have Dennis and Matt join HFF,” said Thornton.  “As with any new hire, we wait patiently for the right team and cultural fit, and Dennis and Matt could not be more well suited to our firm. 

"We are excited to build on our market-leading industrial practice in the Southeast and enhance our service offering to our clients.”

“We have had great success in building out the full spectrum of HFF’s integrated capital markets platform in the Atlanta office,” added Ed Coco, senior managing director and co-head of HFF’s Atlanta office.  

Jody Thornton
“Over the past year, we have added professionals to our multi-housing, office, hotel, land and now industrial investment advisory teams as well as to our debt placement group.”

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. 

 HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  

HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). 

Ed Coco

 For more information, please visit hfflp.com or follow HFF on Twitter @HFF.


CONTACTS:

JODY THORNTON
HFF Executive Managing Director
(214) 265-0880

ED COCO
HFF Senior Managing Director
(404) 832-8460
ecoco@hfflp.com

KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572
krmurphy@hfflp.com