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| 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.
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| 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.
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| 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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