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| Ivan Kaufman |
UNIONDALE, NY (March 31, 2014) - Arbor Commercial Mortgage,
LLC (“Arbor”), a national, direct commercial real estate lender, has been
approved by Freddie Mac’s as its newest Program Plus® multifamily lender and
in-house servicer.
Freddie Mac's Program Plus network is a highly selective
group of experienced multifamily lenders with more than 150 branches across the
nation. Program Plus Seller/Servicers are approved by Freddie Mac for specific
geographic areas. Arbor has been approved as a seller and servicer for New
York, New Jersey and Connecticut.
“We are extremely pleased to have been named as Freddie
Mac’s newest Program Plus seller and servicer,” stated Ivan Kaufman,
Chairman and CEO of Arbor.
“As a leading multifamily lender, the attractive financing
programs our clients will now be able to access through Freddie Mac will
complement the other diverse and flexible commercial loan products we have
offered the industry for the past two decades.
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| John Cannon |
“We look forward to a long and successful relationship with
our newest partner and to providing our loyal clients with another financing
option to suit their business goals.”
“We are pleased to approve Arbor Commercial Mortgage as a
Program Plus lender,” added John Cannon, Senior Vice President of
Production and Sales for Freddie Mac.
“Freddie Mac only purchases multifamily mortgages through
the nation's best locally based lenders who have years of lending expertise and
proven track records of success.
“Based on in its long-standing multifamily financing
experience and the expertise of its senior management team, Arbor is a logical
and complimentary addition to our family of lenders. We look forward to
partnering with Arbor for the betterment of borrowers for years to come.”
For a complete copy of the company’s news release, please
contact:
Chris Ostrowski
Arbor Realty Trust, Inc.
Tel: (516) 506-4255
333 Earle Ovington Blvd,
Suite 900
Uniondale, NY
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