Arbor Funds $378 Million in Multifamily Deals in New York and Other Markets

Ronen Abergel

UNIONDALE, NY (June 15, 2015) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 35 loans totaling  $378,226,200 across New York, Texas, Tennessee, Florida and other markets under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® ARM 7-6™, Fannie Mae DUS® Small Loan, Fannie Mae DUS® Multifamily Affordable Housing, Freddie Mac Loan, Freddie Mac Small Balance Loan, Arbor Realty Trust Bridge Loan, CMBS Loan and FHA 223(f) programs.

Ronen Abergel, Vice President in Arbor’s New York office, originated the loans.

 “Arbor has the ability to lend nationwide using various executions. Having such flexibility allows our clients to rest easy since one way or another, their deal always gets closed,” Abergel said. 

New York - $171M

·         Multifamily Property, Watertown, NY – This 242-unit multifamily property received $36,750,000 funded under the CMBS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

 ·         Multifamily Property, Liverpool, NY – This 208-unit multifamily property received $30,000,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Gateway Apartments, Cheektowaga, NY

 ·         Multifamily Property, Cheektowaga, NY – This 528-unit multifamily property received $23,500,000 funded under the Arbor Realty Trust Bridge Loan product line.

  

·         111 East Avenue, Rochester, NY – This multifamily property received $22,800,000 funded under the Freddie Mac Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Multifamily Property, Cheektowaga, NY – This 347-unit multifamily property received $17,500,000 funded under the Arbor Realty Trust Bridge Loan product line.

       Gateway Apartments II, Cheektowaga, NY – This 80-unit multifamily property received $8,233,900 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         Garden Village Apartments Cheektowaga, NY – This 315-unit multifamily property received $16,937,000 funded under the Freddie Mac Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

costrowski@arbor.com