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| Robert Mendeles |
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR), a leading multifamily
and commercial mortgage lender, recently funded a Fannie Mae Dus Loan in
Tucker, GA.
Pinewood
Townhomes, a 98-unit multifamily property, received $12.8M in acquisition
funding through the transaction. The hybrid loan provides a five year,
fixed-rate term.
Robert Mendeles of
Arbor’s Englewood Cliffs office originated the loan.
“Pinewood represents another
example of Arbor being in tune with our clients and their borrowing needs,”
said Mendeles. “This borrower has completed more than 20 transactions with us,
covering nearly our entire product line.
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| Pinewood Townhomes, Tucker, GA |
"This is their first loan using Fannie Mae’s Green
Financing Program, which we’re particularly excited about.
"As soon as we presented them with the benefits and
reduced borrowing costs of ‘going green’, they saw the obvious advantages and
knew they wanted to use Arbor’s expertise to close the loan!”
CONTACT:
Bina Handa
Tel: 516.506.4229
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