Thursday, January 17, 2019

Arbor Funds $1.4 Million Fannie Mae DUS® Small Loan in Sacramento, CA


Jared Stein

 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® Small Loan in Sacramento, CA. 

380 Morrison Avenue,
 Sacramenton, CA

Two properties, 380 Morrison Avenue and 2753 Del Paso Boulevard, received a combined $1.4M in funding through the Fannie Mae DUS Small Loan program. The deal comes with a 30-year fixed term.

Jared Stein of Arbor’s New York City office originated the loan.

“It was a pleasure working with a local investor in Sacramento who was looking to lock in long-term debt on two properties that were a mile away from each other,” Stein said.

“Thanks to Arbor’s creativity and flexibility, we were able to put these properties on one loan and subsidize processing costs for an emerging borrower.”

Built in 1991, 380 Morrison Avenue consists of six townhouse-style units totaling 6,144 square feet. Each unit is a two-story, two-bedroom residence offering washer/dryer hookups, patios and dedicated parking spaces.

2753 Del Paso Boulevard
Sacramenton, CA
 Built in 1963 and renovated in 1985, 2753 Del Paso Boulevard consists of seven units totaling 4,856 square feet. 

The units are wheelchair accessible and provide air conditioning and high-speed internet access.


CONTACTS:

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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