Arbor Funds $1.3 Million Freddie Mac SBL in Fort Lauderdale, FL

Topanga Canyon Apartments, a 12-unit multifamily property
 in Fort Lauderdale, FL.

                                 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $1.3M Freddie Mac SBL deal in Fort Lauderdale, FL.

Topanga Canyon Apartments, a 12-unit multifamily property, received $1.3M in funding through the program with a five-year term on a 30-year amortization schedule.

Matthew Madacsi of Arbor’s New York City office originated the loan.

“This was a really special deal for the client and us,” said Madacsi, who explained it was Topanga’s first Freddie Mac loan. “They’re an experienced client but had never done an agency deal before.

Matthew Madacsi

"We were able to get them the non-recourse financing they were looking for, at more competitive, lower interest rates. It was a real homerun for them and a great first step in building a strong and productive relationship for us going forward.”

From studios to three-bedroom apartments, Topanga Canyon offers all its residents spacious floorplans with a variety of amenities, including onsite parking options and high-speed internet access. 

Built in 1964, the property is rated ‘highly walkable’ and is conveniently located in a thriving community with easy access to parks and recreational venues, cultural points of interest and various transportation alternatives.

CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com