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| Matthew Carey |
UNIONDALE, NY (Jan. 7, 2013) - Arbor Commercial Mortgage,
LLC (“Arbor”), a leading national direct commercial real estate lender, has
further expanded its multifamily and seniors/healthcare lending capabilities
under the HUD/FHA loan programs with the appointment of Matthew Carey as
Vice President of FHA Lending in the company’s Cleveland, OH, office.
As Vice President of
FHA Lending, Mr. Carey oversees Arbor’s daily FHA Multifamily Accelerated
Processing (MAP) and LEAN (seniors housing/healthcare) loan production,
including the coordination of its underwriting strategy and the integration of
Arbor’s Bridge-to-HUD loan program. He will also oversee the continued
expansion of Arbor’s regional FHA underwriting staff.
He reports to Joseph
Donovan, Senior Vice President, Director of FHA Lending.
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| Joseph Donovan |
“Matt’s unique blend
of leadership and extensive FHA underwriting experience will play an important
role in expanding Arbor’s FHA multifamily and healthcare lending business,” Mr.
Donovan said.
Mr. Carey has more
than 10 years of experience in commercial lending and underwriting, and he
holds both LEAN (healthcare) and MAP (multifamily) HUD designations, qualifying
him to submit applications to HUD for all FHA property types and programs. Mr. Carey has successfully underwritten and
submitted more than $200 million in LEAN and MAP applications and has closed
more than $100 million since 2009.
Previous to Arbor,
Mr. Carey held the position of Senior FHA Underwriter and then FHA Deputy Chief
Underwriter at KeyBank Real Estate Capital. Prior to that, Mr. Carey served as
MAP Underwriter for Love Funding Corporation.
Mr. Carey earned his
Bachelor of Arts degree from Cleveland State University. He resides in
Strongsville, OH.
As an approved FHA
Multifamily Accelerated Processing Lender, Arbor’s FHA group provides borrowers
access to all FHA-insured multifamily and healthcare loan programs on an
expedited basis. Arbor also provides bridge loans that are underwritten to a
permanent FHA loan take out.
Contact:
Chris Ostrowski
Arbor Realty Trust, Inc.
Tel: (516) 506-4255
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