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| 50-Unit Apartment Building, Yonkers, NY |
Arbor Funds $3.3M Freddie Mac SBL Deal in
Yonkers, NY
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 a Freddie Mac SBL deal in Yonkers, NY.
A 50-unit multifamily
property recently received $3,296,000 in acquisition funding. The deal provides
a 5-year fixed-rate nonrecourse loan term with a 30-year amortization schedule.
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| Matt Madasci |
Matt Madacsi
of Arbor’s New York office originated the loan. “Arbor was able to secure
favorable financing terms that not only met our client’s expectations, but far
exceeded them.
"Our Arbor Loan Express (ALEX) platform delivered a smooth,
efficient and transparent underwriting process that continues to impress
borrowers and brokers alike.”
Conveniently located
in Westchester County, just three miles north of Manhattan and adjacent to
scenic Van Cortland Park, this five-story apartment building offers 1-3 bedroom
rentals.
Arbor Funds $3.2M
Fannie Mae DUS® MAH Loan
in Mercedes, TX
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| La Herencia Apartments, Mercedes, TX |
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 a Fannie Mae DUS Multifamily Affordable Housing
(MAH) Loan in Mercedes, TX.
La Herencia
Apartments, a 160-unit multifamily property, received
$3,255,000 for nonrecourse MAH refinancing. The deal was structured under MAH
Preservation Tier III, with a 12-year fixed-rate term on a 30-year amortization
schedule.
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| Matt Norman |
Matt Norman
of Arbor’s Dallas office originated the loan. “Through Arbor’s diligence and
commitment to develop customized solutions, we were able to structure terms
that were equitable to all parties. The creative intelligence at the beginning
of the process was paramount to a successful transaction.”
Built in 1998, La
Herencia Apartments is located in Hidalgo County and is part of the
McAllen-Edinburg-Mission metropolitan areas.
This quiet community offers 1-3
bedroom floor plans in a garden style layout.
Amenities include a clubhouse, leasing office, business center, laundry
facility, a playground and swimming pool
For
more information, please contact:
Bina Handa
Tel: 516.506.4229
Arbor
Realty Trust, Inc.
333 Earle Ovington Blvd,
Suite 900
Uniondale, NY 11553
800.ARBOR.10
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