Friday, September 20, 2019

Arbor Funds $17.6 million in Fannie Mae Small Loans Portfolio in Cincinnati, OH

                                     
Vincent Chiodo 
  
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a portfolio of loans totaling $17.6M under the Fannie Mae Small Loans program in Cincinnati, OH. These are all acquisitions with seven-year hybrid, two-year interest only terms.

Vincent Chiodo of Arbor’s New York City office originated the loans.

“Arbor has a demonstrated expertise in the suite of FNMA products that enables us to meet the needs of our diverse client base,” said Chiodo.

The portfolio, funded by Arbor Realty Trust, Inc. (NYSE:ABR), consists of more than 300 apartment units 
similar to the one above in the Greater Cincinnati area  

“Our leadership role allows us to help our clients seize timely opportunities, in this case, with Fannie Mae Small Loans in the thriving Cincinnati market.”

The portfolio consists of more than 300 apartment units in the Greater Cincinnati area. While the properties vary in terms of characteristics and locations, most feature amenities such as pools, patios and balconies; central heating and air; and convenient access to shopping, restaurants and entertainment.

Contact:

 Bina Handa
Tel: 516.506.4229

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