Arbor Funds $64.6 Million in Multifamily Deals from Coast to Coast

  

Lake Terrace Garden Apartments, New Orleans, LA

  

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently funded 22 loans totaling $64,614,000 under the Fannie Mae DUS® Loan, Freddie Mac SBL and Fannie Mae Seniors product lines.

Ari Short of Arbor’s NYC office originated the loans. “As a top multifamily lender, Arbor is able to custom tailor financial solutions to meet the unique needs of our clients and their goals,” Mr. Short said.

“Whether looking to maximize value, secure permanent financing or execute a quick closing, our vast knowledge and experience always result in an optimal loan solution.”

Among the 22 transactions, properties include:

Ari Short

·        Lake Terrace Garden Apartments, New Orleans, LA – This 184-unit multifamily property received $11,987,000 funded under the Fannie Mae DUS® Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

 ·        288 E 149th Street, Bronx, NY – This 12-unit multifamily property with 11 units and a retail space received $2,500,000 funded under the Freddie Mac SBL Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

·        Brooklyn Portfolio, Brooklyn, NY – Five multifamily apartment buildings with a total of 41 units received $11,429,000 funded under the Freddie Mac SBL Loan program as hybrid refinance loans.

·        Chapel Oaks Apartments, Fort Wayne, IN – This 320-unit property received $6,000,000 of acquisition funding.

·        Antebellum Grove, Warner Robins, GA – This 62-unit property received $7,000,000 under the Fannie Mae Seniors Loan program for refinance cash out.

  

·        Iron House Apartments, Richmond, VA – This 39-unit property with 35 units and 4 retail spaces, received $2,500,000 acquisition funding under the Fannie Mae DUS® Loan program.

For more information on this release, please contact:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

www.arbor.com