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| Matthew Madacsi |
UNIONDALE,
NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading
multifamily and commercial mortgage lender, recently funded a portfolio of
Fannie Mae DUS® Small Loans in Kentucky.
The nine properties, totaling 606
units, received $16.5M in combined funding through the program. All the deals
included 10-year fixed rate terms.
Matthew
Madacsi of Arbor’s New York City office originated the loan.
“This
portfolio is a prime example of Arbor’s ability to finance stabilized
multifamily properties nationwide,” said Madacsi. “Our Fannie Mae program
provided our client, a prominent development group in the Western Kentucky
area, the flexibility, structure and nonrecourse terms they needed.”
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| Glenn Street Apartments, Paducah, KY |
The
portfolio includes the following properties:
Glenn
Street Apartments, Paducah, KY: Built in
1968, this 54-unit property offers two-bedroom residences equipped with HVAC
systems and washer/dryer hookups. The property is conveniently located next to
shops and restaurants.
Ora
Lane Apartments, Paducah, KY: Built in
1986, this 40-unit property is pet-friendly and provides furnished kitchens
along with washer/dryer hookups. Master bedrooms include spacious balconies.
The surrounding town is packed with colorful storefronts dating back to the
previous century, which now serve as popular restaurants, specialty shops, art
galleries and other small businesses.
Live
Oaks Apartments, Murray, KY: Built in
1978, this 88-unit property offers 1-3 bedroom apartments with fully equipped
kitchens. In addition, a laundry facility and community room are located on the
property, which is 2.5 miles from Murray State University.
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| Ora Lane Apartments, Paducah, KY |
Black
Oaks Apartments, Paducah, KY: Built in
1950, this 60-unit property offers beautiful townhouses with fully equipped
kitchens, HVAC systems and washer/dryer hookups. The property is in close
proximity to Kentucky Oaks Mall, West Kentucky Community & Technical
College, and area hospitals.
Cardinal
Point Apartments, Paducah, KY: Built in
1953, this 84-unit property offers on-site laundry facilities and air
conditioning. The property is located near Noble Park and is a short drive from
Kentucky Oaks Mall and West Kentucky Community & Technical College.
Colony
Drive Apartments, Paducah, KY: Built in
1970 and located in a quiet country setting, this 104-unit property is
pet-friendly and offers 1-3 bedroom residences. Community amenities include a
picnic area.
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| Colony Drive Apartments, Paducah, KY |
Jordan’s
Crossing Apartments, Paducah, KY: Built in
2016, this 24-unit property offers townhomes with fully equipped kitchens. The
property is pet-friendly and in close proximity to shops and restaurants.
Willow
Oaks Apartments, Paducah, KY: Built in
1973, this 72-unit property offers 1-3 bedroom residences and includes an
on-site laundry facility. It is conveniently located near Noble Park.
Red
Oaks Apartments, Murray, KY: Built in
1978, this 80-unit property offers 1-2 bedroom apartments with fully equipped
kitchens, as well as an on-site laundry facility.
CONTACT:
Bina
Handa
Tel: 516.506.4229
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