Sunday, January 26, 2020

Arbor Realty Trust Closes Six Fannie Mae Loans Across Country

Sam Schwass

Arbor Funds $7.4 Million Fannie Mae DUS® Green Rewards Loan in Tallahassee, FL

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Tallahassee, FL. 

The property received $7.4M in financing through the program, with a 12-year fixed rate and 30-year amortization schedule. 

 Sam Schwass of Arbor’s New York City office originated the loan.

 “This loan highlight’s Arbor’s commitment to finding the ideal financial solutions for all of our borrowers,” Schwass said. “The Fannie Mae DUS® Green Rewards program enabled our client to lock in at a low interest rate and secure the necessary funds to renovate this property and enhance living conditions for the tenants.”

Sabal Court Apartments, Tallahassee, FL 

 The Sabal Court Apartments were built in 1967 and are newly renovated. The two-story multifamily complex features one-, two- and three-bedroom apartments with redesigned kitchens and open floor plans for entertaining.
The property includes a picnic area, swimming pool and playground.

 It is in close proximity to entertainment, retail shopping and medical facilities. Florida State University and Tallahassee Community College are just two miles away. 

Stephen York

Arbor Funds $43.7M Fannie Mae DUS® Green Rewards SRL Loan in Roswell, GA

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards Streamlined Rate Lock (SRL) loan in Roswell, GA.

The property received $43.7M in acquisition financing through the program, with a 12-year fixed rate, four years of interest only payments, and a 30-year amortization schedule. 

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

 “Our client came to us during a time of market fluidity. Their primary goal was to achieve optimal leverage and the flexibility to secure an early rate lock,” York said.

“We were delighted to provide competitive acquisition financing utilizing Fannie Mae’s Green Rewards Streamlined Rate Lock program.

"By utilizing this product, we were able to underwrite the property’s projected utility savings, which in turn allowed us to improve and maximize our loan amount. It also gave our client the ability to rate lock at a favorable time during the underwriting process when treasuries dipped."

Avia Riverside Apartments, Roswell, GA
 Built in 1972, the Avia Riverside Apartments were renovated from 2013-2015. The 396-unit garden style, multifamily property features two swimming pools, a playground and dog park.

Other amenities include fitness and business centers. The complex is positioned along the bluffs overlooking the Chattahoochee River in Historic Roswell. Retail shopping is nearby. 

Brian Scharf

Arbor Funds $6 Million Fannie Mae DUS® Green Rewards Loan in Houston, TX

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Houston, TX.

The Coronado Park Apartments received $6.1M in refinance funding with a 15-year fixed rate through the program.

 Brian Scharf of Arbor’s Uniondale office originated the loan.

Coronado Park Apartments, Houston, TX
 “Arbor takes pride in delivering optimal financial solutions to all of our clients,” Scharf said. “This refinance deal allowed our borrower to take advantage of more competitive loan terms and secure additional loan proceeds to invest in energy and water efficiencies.”

 Built in 1983, the Coronado Park Apartments includes studio, one- and two-bedroom apartments. The 144-unit multifamily property features a clubhouse, laundry facilities and swimming pool.

The complex is located in the Brookhollow/ Inwood area of Houston and is a short driving distance from the Hundred Acre Wood Preserve.

 Alexander Kaushansky

Arbor Funds $11 Million Fannie Mae DUS® Loan in South Florida

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in South Florida.

The 115-unit property received $11M in refinance cash-out funding through the program. The terms provide for a 10-year loan with five years of interest-only payments.

 Alexander Kaushansky of Arbor’s New York City office originated the loan.
“This asset is part of a long-term portfolio held by our client who wanted to recast existing debt to lower the interest rate and payments,” said Kaushansky. “The customized solution provides for increased funds to upgrade the property through renovations.”

Waterford Villas, Margate, F:
 Built in 1973, Waterford Villas is a garden-style multifamily property spread across 30 single-story buildings on more than six acres of beautifully landscaped land.

Located in the city of Margate, FL, with easy access to shopping, the community offers high-speed internet access, a swimming pool and an on-site leasing office.

Joseph Charneski

Arbor Funds $21.5 Million Acquisition Loan in Birmingham, AL

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded an acquisition loan in Birmingham, AL. The 344-unit property received $21.5M in financing. 

 Joseph Charneski of Arbor’s New York City office originated the loan.

 “This transaction is a great example of Arbor’s ability to close quickly for a repeat borrower on a great opportunity,” said Charneski. “Birmingham has undergone a major revitalization and is considered one of the nation’s most livable cities.

The Ridge at Crestwood, Birmingham, AL

"The capital provided through the transaction allowed the sponsor to make improvements to the property in an up-and-coming area.”

 Built in 1978, The Ridge at Crestwood offers newly renovated (2018) one- and two-bedroom, apartment homes with new appliances, ceramic tile and enclosed private patios.

This gated, pet-friendly complex also features a sundeck, courtyard, playground, game room, pool and fitness center. The community is set on a peaceful hilltop, minutes from Downtown Birmingham and less than a mile from Eastwood Village and its many dining and shopping establishments.

Vincent Chiodo 

Arbor Funds $7.5 Million Fannie Mae DUS® Loan in Cincinnati, OH

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Cincinnati, OH. 

The multifamily property received $7.5M in financing through the program, with a 12-year fixed rate and three years of interest only payments.  

 Vincent Chiodo of Arbor’s New York City office originated the loans.

 “This customized deal allowed our borrower to lock in at a competitive rate and make interest only payments for three years, which aligned with their long-term financial goals,” Chiodo said. “At Arbor, we’re committed to finding tailored solutions to meet all of our clients needs.”

Multifamily property, Cincinnati, OH

 The pet-friendly complex is comprised of one-, two- and three-bedroom units with renovated interiors. Set on a beautifully landscaped property, it features a fitness center, swimming pool and playground. Retail shopping and recreational activities are nearby.  


Bina Handa
Tel: 516.506.4229

Rhodes+Brito Architects Underway with Design on New Elementary School in Winter Garden’s Horizon West Area

Byron Lastrapes
ORLANDO – Rhodes+Brito Architects are underway with design, and construction has also begun of a new elementary school in Winter Garden’s Horizon West Area.
Byron Lastrapes, Principal / Director of Education at the firm, said the 85,838 square foot two-story school is located on 14.8 acres of land on the South side of Porter Road, north of Wood Sage Drive and west of Bluejack Oak Drive . 
Miami-based OHL Construction is the general contractor.
The campus will include parking for over 120 vehicles, a bike rack, tot and youth lots, ball field and enough space for 12 portables. 
The new school should be completed and ready for opening for the fall 2020 school year.


Rhodes+Brito opened for business in downtown Orlando in 1996 and currently has two offices employing a staff of 50 including eight registered architects.   


Byron Lastrapes, Principal / Director of Education, Rhodes +Brito Architects, 407-648-7288

Ruffin Rhodes, AIA Co-founder Rhodes+Brito Architects,

Maximiano Brito, AIA, Co-founder Rhodes+Brito Architects,

NAI Realvest | Charles Wayne Brokers Sale of Land Set for Luxury Storage Suites in Daytona’s Golden Triangle between I-95 and I-4

Charles Lichtigman
Daytona Beach, FL -- NAI Realvest | Charles Wayne Commercial brokered the sale of 12.775 acres of industrial land on Tomoka Farms Road between US 92 and Dunn Avenue.

The sale marks the first within the 226-acre property initially approved under the name “Midwest Transit Inc. Planned Master Development.” 

 Crown Park Storage Suites LLC of Port Orange purchased the land for $933.040 or $73,036.40 per acre to build luxury climate controlled storage suites for sale and lease. 

Phase I of the facility is scheduled to be completed by Christmas of 2020.

Seller Volusia Farms, Inc. based in Daytona Beach Shores is successor to Midwest Transit, according to Charles Lichtigman, Principal of NAI Realvest | Charles Wayne Commercial, the exclusive broker for the owner.

 Crown Park ’s storage suites are designed for motor coach owners, car collectors and boat owners who want the best in a climate controlled storage facility. The state-of-the-art facilities are difficult to find, according to Lichtigman.

Daytona Auto Mall, Daytona Beach, FL

   “The Volusia Farms property is in the heart of the Daytona area’s ‘golden triangle’ between I-95 and I-4.  It’s the largest land parcel between International Speedway Boulevard and the Daytona Auto Mall with over a mile of frontage on Tomoka Farms Road,” said Lichtigman.  

 “The site’s proximity to major interstate highways, Margaritaville, Daytona International Speedway, major universities, hospitals and retailers provides an ideal location for apartments, offices and educational uses,” he added.


Charles Lichtigman, Principal, NAI Realvest | Charles Wayne Commercial

 Patrick Mahoney, President / CEO, NAI Realvest,

Beth Payan, Larry Vershel Communications
407-644-4142 or 407-461-3781

Paul P. Partyka Elected President of Central Florida Commercial Association of Realtors for 2020

Paul P. Partyka

ORLANDO, FL --- Paul P. PartykaCCIM, MiCP, veteran commercial real estate executive and partner at NAI Realvest in Orlando , was elected president of the Central Florida Commercial Association of Realtors (CFCARfor 2020.

CFCAR works to help commercial real estate realtors be more profitable through education, advocacy efforts, networking and property data.

Partyka, a Notre Dame graduate who formerly served as Mayor of Winter Springs and President and Board Member of the Oviedo-Winter Springs Regional Chamber of Commerce, earned a place among the area’s top commercial property brokers in the past two decades.   

 “It is truly an honor to serve as president of CFCAR driving the success of our members by promoting their interests, providing education and recognition opportunities," Partyka said.


Paul P. Partyka, CCIM, MiCP,  Partner NAI Realvest,

Patrick Mahoney, President/CEO, NAI Realvest,

Beth Payan, Larry Vershel Communications

PureStar Names Hospitality Industry Leader Alex Dixon West Region President

Alex Dixon

LAS VEGAS, NV – PureStar, North America’s foremost provider of laundry services and linen management to the hospitality industry, announced the appointment of Alex Dixon as West Region President to lead the company’s West Coast operations and service lines.

Dixon is a Nevada native and third-generation hospitality operative with a deep understanding of the industry, the service lines and the Southern Nevada community.  

He previously served in various executive roles for leading hospitality companies such as Caesars Entertainment Corporation and MGM Resorts International-including most recently as the President and Chief Operating Officer for Circus Circus Hotel & Casino in Las Vegas- and brings a unique perspective as a former PureStar customer.

“I am excited for the opportunity to lead the West Coast operations for PureStar and look forward to engaging with our customers and employees who serve as the heart of the company,” stated Dixon. 

Ann Berry
“As both a respected hospitality executive and leader in the Southern Nevada community, we are confident that Alex’s deep expertise and commitment to excellence will further elevate the PureStar brand and West Coast operations, stated Ann Berry, Chair of PureStar Board of Directors.

 “PureStar’s reputation for providing unmatched service through cutting-edge, environmentally conscious technologies has set the standard for operational excellence in the industry, and I look forward to working closely with Alex to build on our West Coast capabilities and momentum in the region.”

Tracy Skenandore / Makenzie Coombs
Kirvin Doak Communications: 702-737-3100
 Tracy Skenandore | Director of Corporate Communications & Public Affairs