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| Sam Schwass |
UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded three loans totaling $7M under the Fannie Mae Small Loans program.
Sam Schwass of Arbor’s New York City office originated the loans and stated, “This portfolio demonstrates our leadership role in the Fannie Mae Small Loans market.
"It’s also a good example of how we are satisfying the unique needs of a wide range of borrowers across the country with diverse properties and locations.”
The properties include:
· Spanish Viento Apartments, Little Rock, AR – This 109-unit community features scenic, tree-lined homes and a pool. It’s close to local shopping and attractions such as the Little Rock Zoo, Central Arkansas Nature Center, and the Museum of Discovery. Built in 1972 and renovated in 2018, the property received $3.5M in acquisition funding.
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| Spanish Viento Apartments, Little Rock, AR |
· Santos Villas, Tampa, FL – This 40-unit, two-story complex features amenities such as balconies, smoke-free options, on-site parking and high speed internet access. Convenient to shopping centers, recreation and local transportation, Santos Villas received $1.8M in acquisition funding.
· Treetop Haven Luxury Apartments, Milcreek, UT – These spacious new apartments feature amenities ranging from smart home technology to valet trash pickup to stainless steel appliances and hard wood style floors. Located near a variety of shopping, restaurant and entertainment alternatives, the property received $1.7M in refinance cash-out funding.
Contact:
Bina Handa
Tel: 516.506.4229
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