Arbor Funds $24.5 million in Fannie Mae Small Loans Portfolio Across the U.S.

Essex Avenue/Cottage Grove Avenue/Eberhart Avenue, Chicago, IL

                                

UNIONDALE, NY (Sept. 3, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded 11 loans totaling $24.5M under the Fannie Mae Small Loans program:

·        Humani Court, Lake Park, FL

              This 60-unit, two-story building offers easy access to local transit, shopping, parks and
educational institutions. Built in 1975, the property received $5.5M in acquisition funding.

·        Westwood Apartments, Durango, CO

      This property is close to downtown Durango, with access to walking paths, mountain
biking trails and entertainment. The property received $4.3M in refinance funding.

Jared Stein

·       Essex Avenue/Cottage Grove Avenue/Eberhart Avenue, Chicago, IL

      This complex is comprised of three buildings and 77 units. Located on the South Side of Chicago, the properties received $2.4M in acquisition funding.

·        Phoenix Apartments, Lexington, KY

     This 72-unit, three-story property features amenities such as high speed internet access, air conditioning and ceiling fans, and a pool. Built in 1964, Phoenix Apartments received $2.3M in acquisition funding.

·        Branders Bridge Townhomes, Colonial Heights, VA

      Built in 1992, this 64-unit, two-story community offers renovated homes with new
appliances and large bedrooms with ceiling fans. Funded through a $1.9M acquisition
loan, Branders Bridge is close to local transportation options.

·       6938 South Clyde Avenue, Chicago, IL

      Built in 1928, this three-story apartment building received $1.8M in acquisition funding. It is located near a variety of restaurants and shopping venues.

Humani Court, Lake Park, FL

·        Cedarvale Apartments, Bakers Field, CA

This 40-unit, two-story building features balconies and patios, with easy access to local shopping, parks and recreation. The loan provides $1.6M cash-out refinancing.

·        Sandstone Apartments, Weatherford, TX

                Built in 1968, this 26-unit, two-story multifamily property received $1.3M in refinance
            funding. The community has several shopping alternatives nearby.

·        Twin Pines at Mather Station (El Caprice), Cordova, CA

      Built in 1972, this 12-unit, two-story complex received $1.3M in acquisition funding and features high speed internet access, dishwashers, balconies and convenient access to transit and local shopping.

Westwood Apartments, Durango, CO

·        7822 South Shore Drive, Chicago, IL

      A 20-minute commute from downtown Chicago and three blocks from the lakefront, this property is in an up-and-coming neighborhood that’s close to public transportation, shopping and dining. The loan provided $1.1M in acquisition funding.

·       6751 South Chappel Avenue Chicago, IL

     These apartments are close to local schools, groceries, coffee shops and restaurants, as well as a nature sanctuary. A vintage building constructed in 1916, 6751 Chappel Avenue was funded through a $1M acquisition loan.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com