Friday, December 14, 2018

Arbor Funds $2.4 million Freddie Mac SBL Deal in Los Angeles, CA


  
4309 West Adams Boulevard, Los Angeles, CA

 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 Los Angeles, CA.

Eugene Yanovskiy
4309 W. Adams Blvd., a 12-unit multifamily property, received $2.4M in funding through the Freddie Mac SBL program. The deal comes with a five-year hybrid term and a one-year interest only period.

Eugene Yanovskiy of Arbor’s New York City office originated the loan.

“The five-year hybrid solution allowed us to get aggressive terms for the borrower in a very competitive Los Angeles lending environment,” said Yanovskiy. “And thanks to the recent gut-rehabilitation, renters will be incentivized by a stylish, up-to-date property in a great market.”

Built in 1954, 4309 W. Adams Blvd. was recently renovated to feature modern exteriors and spacious units with hardwood floors and a full range of appliances. The property also includes gated entry, on-site parking and laundry facilities, and is conveniently located in Central Los Angeles.

CONTACT:

Bina Handa
Tel: 516.506.4229

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