Sunday, January 26, 2020

Arbor Realty Trust Closes Six Fannie Mae Loans Across Country


                             
Sam Schwass

Arbor Funds $7.4 Million Fannie Mae DUS® Green Rewards Loan in Tallahassee, FL

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Tallahassee, FL. 

The property received $7.4M in financing through the program, with a 12-year fixed rate and 30-year amortization schedule. 

 Sam Schwass of Arbor’s New York City office originated the loan.

 “This loan highlight’s Arbor’s commitment to finding the ideal financial solutions for all of our borrowers,” Schwass said. “The Fannie Mae DUS® Green Rewards program enabled our client to lock in at a low interest rate and secure the necessary funds to renovate this property and enhance living conditions for the tenants.”

Sabal Court Apartments, Tallahassee, FL 

 The Sabal Court Apartments were built in 1967 and are newly renovated. The two-story multifamily complex features one-, two- and three-bedroom apartments with redesigned kitchens and open floor plans for entertaining.
The property includes a picnic area, swimming pool and playground.

 It is in close proximity to entertainment, retail shopping and medical facilities. Florida State University and Tallahassee Community College are just two miles away. 

Stephen York

Arbor Funds $43.7M Fannie Mae DUS® Green Rewards SRL Loan in Roswell, GA

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards Streamlined Rate Lock (SRL) loan in Roswell, GA.

The property received $43.7M in acquisition financing through the program, with a 12-year fixed rate, four years of interest only payments, and a 30-year amortization schedule. 

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

 “Our client came to us during a time of market fluidity. Their primary goal was to achieve optimal leverage and the flexibility to secure an early rate lock,” York said.

“We were delighted to provide competitive acquisition financing utilizing Fannie Mae’s Green Rewards Streamlined Rate Lock program.

"By utilizing this product, we were able to underwrite the property’s projected utility savings, which in turn allowed us to improve and maximize our loan amount. It also gave our client the ability to rate lock at a favorable time during the underwriting process when treasuries dipped."

Avia Riverside Apartments, Roswell, GA
 Built in 1972, the Avia Riverside Apartments were renovated from 2013-2015. The 396-unit garden style, multifamily property features two swimming pools, a playground and dog park.

Other amenities include fitness and business centers. The complex is positioned along the bluffs overlooking the Chattahoochee River in Historic Roswell. Retail shopping is nearby. 


Brian Scharf

Arbor Funds $6 Million Fannie Mae DUS® Green Rewards Loan in Houston, TX

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards loan in Houston, TX.

The Coronado Park Apartments received $6.1M in refinance funding with a 15-year fixed rate through the program.

 Brian Scharf of Arbor’s Uniondale office originated the loan.

Coronado Park Apartments, Houston, TX
 “Arbor takes pride in delivering optimal financial solutions to all of our clients,” Scharf said. “This refinance deal allowed our borrower to take advantage of more competitive loan terms and secure additional loan proceeds to invest in energy and water efficiencies.”

 Built in 1983, the Coronado Park Apartments includes studio, one- and two-bedroom apartments. The 144-unit multifamily property features a clubhouse, laundry facilities and swimming pool.

The complex is located in the Brookhollow/ Inwood area of Houston and is a short driving distance from the Hundred Acre Wood Preserve.

 Alexander Kaushansky

Arbor Funds $11 Million Fannie Mae DUS® Loan in South Florida

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently financed a Fannie Mae DUS® loan in South Florida.

The 115-unit property received $11M in refinance cash-out funding through the program. The terms provide for a 10-year loan with five years of interest-only payments.

 Alexander Kaushansky of Arbor’s New York City office originated the loan.
“This asset is part of a long-term portfolio held by our client who wanted to recast existing debt to lower the interest rate and payments,” said Kaushansky. “The customized solution provides for increased funds to upgrade the property through renovations.”

Waterford Villas, Margate, F:
 Built in 1973, Waterford Villas is a garden-style multifamily property spread across 30 single-story buildings on more than six acres of beautifully landscaped land.

Located in the city of Margate, FL, with easy access to shopping, the community offers high-speed internet access, a swimming pool and an on-site leasing office.

Joseph Charneski

Arbor Funds $21.5 Million Acquisition Loan in Birmingham, AL

UNIONDALE, NY– Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded an acquisition loan in Birmingham, AL. The 344-unit property received $21.5M in financing. 

 Joseph Charneski of Arbor’s New York City office originated the loan.

 “This transaction is a great example of Arbor’s ability to close quickly for a repeat borrower on a great opportunity,” said Charneski. “Birmingham has undergone a major revitalization and is considered one of the nation’s most livable cities.

The Ridge at Crestwood, Birmingham, AL

"The capital provided through the transaction allowed the sponsor to make improvements to the property in an up-and-coming area.”

 Built in 1978, The Ridge at Crestwood offers newly renovated (2018) one- and two-bedroom, apartment homes with new appliances, ceramic tile and enclosed private patios.

This gated, pet-friendly complex also features a sundeck, courtyard, playground, game room, pool and fitness center. The community is set on a peaceful hilltop, minutes from Downtown Birmingham and less than a mile from Eastwood Village and its many dining and shopping establishments.

Vincent Chiodo 

Arbor Funds $7.5 Million Fannie Mae DUS® Loan in Cincinnati, OH

UNIONDALE, NY – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® loan in Cincinnati, OH. 

The multifamily property received $7.5M in financing through the program, with a 12-year fixed rate and three years of interest only payments.  

 Vincent Chiodo of Arbor’s New York City office originated the loans.

 “This customized deal allowed our borrower to lock in at a competitive rate and make interest only payments for three years, which aligned with their long-term financial goals,” Chiodo said. “At Arbor, we’re committed to finding tailored solutions to meet all of our clients needs.”

Multifamily property, Cincinnati, OH

 The pet-friendly complex is comprised of one-, two- and three-bedroom units with renovated interiors. Set on a beautifully landscaped property, it features a fitness center, swimming pool and playground. Retail shopping and recreational activities are nearby.  

 Contact:

Bina Handa
Tel: 516.506.4229

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