Tuesday, November 26, 2019

Arbor Funds $21.4 Million Fannie Mae DUS® Green Rewards Loans in Florida and Texas


Geoffrey Platt
UNIONDALE, NY (Nov.26, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded Fannie Mae DUS® Green Rewards loans in Jacksonville, FL and Killeen, TX.

The properties received 21.4M in financing through the program and have 10-year fixed rates with two years of interest only payments.


Midtown Oaks, Jacksonville, FL

Geoffrey Platt of Arbor’s New York City office originated the loans.

“Through these loans, our clients were able to take advantage of the low interest rate environment made available through Fannie Mae’s green financing,” Platt said. “Arbor takes pride in partnering with our borrowers so they can achieve their current and future goals.”

Midtown Oaks is located in Jacksonville, FL. Built in 1974, the 176-unit property features newly renovated kitchens, hardwood floors, walk-in closets and air conditioning.

Country Place Apartments, Killeen, TX

This luxurious, gated community has a fitness center, spa, pool and playground for residents to enjoy. It is conveniently located near shopping and recreation.    

The Country Place Apartments, located in Killeen, TX, were built in 1996. The two-story, 137-unit property features air conditioning and walk-in closets.

It also offers a 24-hour fitness center, swimming pool, basketball court, pet park, and playground. The gated community is just minutes from dining, retail and entertainment, as well as Fort Hood.

CONTACT: 

Bina Handa
Tel: 516.506.4229
bhanda@arbor.com

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