Arbor Funds $7.8 Million Fannie Mae DUS® Loan in Greensboro, NC

 Eugene Yanovskiy 

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $7.8M Fannie Mae DUS® loan in Greensboro, NC. Arbor provided the financing for Chapel Walk, a 128-unit multifamily property.

 Eugene Yanovskiy of Arbor’s New York City office originated the loan.

Chapel Walk Apartments, Greensboro, NC

 “This acquisition loan is a perfect illustration of how Arbor is using its strong, long time partnership with Fannie Mae to offer clients a wide array of financing alternatives, in this case executing a Fannie Mae DUS® loan to meet our clients’ concerns and needs,” said Yanovskiy.

 Built in 2001, Chapel Walk is a two-story, garden style apartment complex in a quiet community. Unique features of this property include a gourmet coffee and tea bar for residents, open floor plans, high-speed internet access and a pet park. It’s also just a five-minute walk to downtown.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Funds $1.5 Million Fannie Mae Small Loan in Chicago, IL

 Jared Stein 

  

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Chicago, IL.

The property received $1.5M in financing through the program, with a 15-year fixed rate and 30-year amortization schedule. 

 Jared Stein of Arbor’s New York City office originated the loan.

The Muskegon and Colfax Apartments 

 “Through the Fannie Mae Small Loans program, our client was able to secure a long-term fixed rate loan to fund capital improvements that will enhance the quality of living for tenants,” Stein said. 

“This deal emphasizes Arbor’s commitment to finding innovative, customized solutions to support the goals of our financial partners.”

 The Muskegon and Colfax Apartments consist of three buildings totaling 44-units. Each features one- and two-bedroom apartments. 

They are in close proximity to the subway system, South Shore Cultural Center, retail shops and recreation. 

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Funds $12 Million Bridge Loan in College Park, GA

  

Eric Regenbogen

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a $12M bridge loan in College Park, GA. Arbor provided three-year financing for the 240-unit multifamily property.

 Eric Regenbogen of Arbor’s Uniondale office originated the loan.

College Park, GA Apartments

 “Finding the right financial solutions for our business partners is something we take pride in,” Regenbogen said. “This loan allowed our client to leverage short-term financing, while ensuring a seamless transition to long-term financing.”

  Built in 1971, the three-story apartment complex was recently renovated. It features one-, two- and three-bedroom units with walk-in closets, carpeting and granite kitchen countertops.

The property has a clubhouse, swimming pool, tennis court and playground, as well as a business center. Shopping, dining, and the MARTA bus line are nearby.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Funds $1.7 Million Fannie Mae Small Loan in Bloomington, IN

                       

Matt Norman

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae Small Loan in Bloomington, IN.

Beacon Hill Townhomes, Bloomington, IN

The deal received $1.7M in financing through the program, with a 10-year fixed rate, one-year of interest only payments, and a 30-year amortization schedule.

Matt Norman of Arbor’s Bloomington, Indiana, office originated the loan.

“When financing opportunities, and thus the acquisition window, looked slim due to parceling issues, Arbor stepped in and coordinated with Fannie Mae to structure a permanent loan, at an attractive rate that met the buyer’s return estimates,” Norman said.

 “The transaction also represented the first partnership between Arbor’s Central Indiana office and Alec Neesham of Marcus and Millichap Capital Corporation’s Indianapolis office.”

Chestnut Hill Apartments, Bloomington, IN

The Beacon Hill Townhomes and Chestnut Hill Apartments were built in 1993. The 15-unit complexes are conveniently located near downtown Bloomington and within close proximity of shopping, recreation and Indiana University at Bloomington.

Contact:

 Bina Handa

Tel: 516.506.4229

bhanda@arbor.com