Arbor Funds $11.9 million Fannie Mae Green Financing® Loan in Bountiful, UT

Carrington Place Apartments, Bountiful, UT

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 Green Financing® loan in Bountiful, UT.

Garth Davis

Carrington Place, a 142-unit multifamily property, received $11.9M in funding through the Fannie Mae Green Financing® loan program. The deal provides a 10-year fixed term and a 30-year amortization schedule.

Garth Davis of Arbor’s San Francisco office originated the loan. “The investors, through Arbor’s capital markets group and deep relationships within the market, were able to aggressively price the deal,” said Davis. 

“The result was a lower spread that was passed onto the client with a lower than expected interest rate - all of which made the client very happy.”

Carrington Place provides a wealth of features and amenities, including laundry facilities, covered parking, storage units, private balconies, and emergency maintenance, as well as recreation options consisting of a spa, swimming pool, basketball court, tennis court, and playground.

CONTACTS:

Arbor Realty Trust, Inc. 333 Earle Ovington Blvd, Suite 900 Uniondale, NY 11553 800.ARBOR.10 arbor.com Contact: Bina Handa Tel: 516.506.4229 bhanda@arbor.com