Monday, December 23, 2019

Arbor Funds $7.7 Million Fannie Mae MAH Loan in New Orleans, LA




Austin Walker 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae MAH loan in New Orleans, LA.

The 159-unit, received $7.7M in funding through the program. The loan provides a 10-year fixed rate with three years of interest only payments. 

Austin Walker of Arbor’s New York City office originated the loan.

Skyview Terrace 
“Arbor’s strong partnership with Fannie Mae, along with our ability to find creative financial solutions for our clients, allowed us to offer three years initial interest only payments, which was critical to closing this transaction,” Walker said. “We are committed to helping clients meet their goals through customized and innovative products.”

Skyview Terrace was built in 1975. The two-story property offers one- and three-bedroom apartments, a laundry facility and a courtyard. It is conveniently located to retail shopping and dining, and only a few miles away from downtown New Orleans and the French Quarter.  


Contact:

Bina Handa
Tel: 516.506.4229


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