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| Michael Jehle |
UNIONDALE, NY (May 19, 2020) – Arbor
Realty Trust, Inc. (NYSE:ABR) a leading multifamily and commercial
mortgage lender, recently funded a Fannie Mae DUS® Loan in Indianapolis, IN.
Three Fountains West Cooperative, a
multifamily affordable housing property, received $4.1M in refinance funding
through the program.
Michael Jehle of Arbor’s Oklahoma
office originated the loan.
“This transaction involved the refinancing
of an existing loan on our books that was maturing,” Jehle said.
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| Three Fountains West Cooperative, Indianapolis, IN |
“The members
of this cooperative wanted to pay off their loan as quickly as possible and we
were delighted to help them achieve this goal by offering a self-amortizing,
straight 15-year fixed rate loan at an interest rate significantly lower than
their current mortgage rate.”
Built in 1972, Three Fountains West
Cooperative is comprised of one-, two- and three-bedroom units. The newly
renovated complex includes a large community building and playgrounds, and is
conveniently located near public transportation and retail shopping.
Contact:
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| Jared Stein |
Arbor
Funds $15.4 Milion Fannie Mae Loans in Texas
UNIONDALE, NY – Arbor
Realty Trust, Inc. (NYSE:ABR), a leading
multifamily and commercial mortgage lender, recently funded $15.4M in Fannie
Mae loans in Texas.
Kenwood Heights
Apartments in Corsicana, TX, received $8.2M in acquisition
financing, with a 12-year fixed rate, one year of interest only payments and
30-year amortization through the Fannie Mae DUS® program.
Built
in 1984, the pet-friendly property is made up of 211 residential units. Retail
shopping and Navarro College are located nearby.
 |
Kenwood Heights Apartments Corsicana, TX |
Bella Brisa Apartments in Laredo, TX, received $3.2M
in refinance funding, with a 10-year fixed-rate, two years of interest
only payments and 30-year amortization through the Fannie Mae DUS® Small Loans
program.
The multifamily property was built in 2012 and includes 42 units.
Monaco Boulevard Apartments in
Laredo, TX, received $4M in refinance funding, with a 10-year
fixed-rate, two years of interest only payments and 30-year amortization
through the Fannie Mae DUS® Small Loans program. Built in 2013, the
multifamily property features 44 units.
Jared Stein of Arbor’s New York
City office originated the loans.
“Partnerships are the
lifeline of our business,” Stein said. “Together, Arbor and Fannie Mae remain
committed to providing liquidity to the workforce housing sector during these
unprecedented times.”Contact:
Bina Handa
Tel:
516.506.4229
Arbor Realty
Trust, Inc.
333 Earle
Ovington Blvd, Suite 900
Uniondale, NY
11553
800.ARBOR.10
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