Sunday, June 21, 2020

Arbor Funds $11.2 million in Fannie Mae Small Loans in Kansas, Florida and Utah

 
Austin Walker 
                      
  UNIONDALE, NY  – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently financed seven Fannie Mae Small Loans in KS, FL and UT.

The properties, comprised of 240 units, received $11.2M in funding through the Fannie Mae Small Loan program.

Austin Walker of Arbor’s New York City office originated the loans.


Carter Apartments in Wichita, KS


“These transactions highlight the value of our long and trusted partnership with Fannie Mae,” Walker said. “Together, we take pride in providing our clients with customized financial solutions that align with their short- and long-term needs.”

Towers Apartments in Wichita, KS,  received $1.8M in refinancing. Built in 1981, the multifamily garden-style property was renovated in 2018. The complex is pet-friendly and features 70 one-bedroom units. Retail shopping is nearby.

Carter Apartments in Wichita, KS, received $1.8M in refinancing. The pet-friendly property was built in 1973 and features studio and one-bedroom floor plans, a playground and basketball court. The complex is a short distance from Friends University, local parks and shopping. 

124 Live Oak in Daytona Beach, FL,

Bradford Apartments in Wichita, KS, received $894,000 in refinancing. Built in 1988, the 18-unit property is conveniently located near parks and shopping. McConnell Airforce Base is less than four miles away. 

Lakewood Apartments in Lakeland, FL, received $1.1M in acquisition funding. The 24-unit complex includes one- and two-bedroom floorplans. It is a short driving distance from Hollis Gardens.

Patio Homes in Lakeland, FL, received $3.1M in acquisition funding. Built in 1982, the property features studio, one-, two-, three- and four-bedroom units. Retail shopping is nearby.

124 Live Oak in Daytona Beach, FL, received $974,000 in refinancing. The 19-unit garden-style property is in the heart of Daytona Beach. It is in close proximity to retail shopping and the Museum of Arts and Sciences.

Sandbox Apartments in Salt Lake City, UT, received $1.6M in refinancing. The 22-unit complex was built in 1960 and is conveniently located with Salt Lake Central Station, parks and shopping nearby.

Contact:

 Bina Handa
Tel: 516.506.4229