Arbor Funds $109.3 Million Fannie Mae Loans in California

  

 Stephen York 

UNIONDALE, NY  – Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, funded 11 Fannie Mae loans throughout the state of California. The multifamily properties received $109.3M in financing.

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

 “Our client was looking to unlock trapped equity in a number of properties and redeploy that capital into a number of acquisitions,” York said.

 “We were pleased to provide the borrower with very attractive financing terms across the portfolio and partner with Fannie Mae on multiple product lines.” 

 Boulder Springs Apartments, Fresno, CA 

 Boulder Springs Apartments in Fresno received $17.6M in acquisition funding through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. The 176-unit property was built in 1986 and features basketball and tennis courts, a fitness center, spa and pool. It is in close proximity to Forestiere Underground Gardens.

Shadow Ridge Apartments in Bakersfield received $16.5M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 204-unit complex was built in 1990 and includes spacious one-, two- and three-bedroom floorplans. The pet-friendly property features basketball and tennis courts, and a recreational play area for children.

 Shadow Ridge Apartments, Bakersfield, CA

 Mountainview Villas in Santa Rosa received $15.1M in refinancing in through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. Built in 2000, the 78-unit garden-style complex includes one-, two-, and three-bedroom floorplans. The property, with its spectacular mountain views, features a gated pool, fitness center and spa. Local parks and shopping are nearby.

Mountainview Villas, Santa Rosa, CA

Park West Townhomes,  in Petaluma received $14M in refinancing through the Fannie Mae Streamlined Rate Lock (SRL) program in Q2 2020. Built in 1972, the 71-unit garden property is pet-friendly and minutes away from the Theatre District.

Summerset Village Apartments in Fresno received $9.3M in acquisition funding through the Fannie Mae DUS® program in Q1 2020. Built in 1965, the garden-style multifamily property is made up of 211 one- and two-bedroom units. Fresno City College is a little more than a mile away.

Maple Grove apartments, Fresno, CA

 Garden East Apartments in Modesto received $9.2M in acquisition funding through the Fannie Mae DUS® program in Q2 2020. Built in 1976, the 92-unit remodeled complex includes hardwood floors, walk-in closets and large bedrooms. The gated community features a swimming pool and club house. It is conveniently located with shopping nearby.

 Maple Grove in Fresno received $9.2M in acquisition funding through the Fannie Mae DUS® Green Rewards program in Q4 2019. Built in 1990, the 120-unit multifamily complex includes one-, two- and three-bedroom apartments, with spacious living areas, central air-conditioning and private patios. It is in close proximity to retail shopping and Fresno Pacific University.

Highland Oaks Apartments, Bakersfield, CA

 Churn Creek Village Apartments in Redding received $5.2M in acquisition funding through the Fannie Mae Small Loan program in Q3 2019. The 93-unit complex is made up of one-, two- and three-bedroom floorplans and features patios, balconies and hardwood floors. Retail shopping and restaurants are nearby.

 Highland Oaks Apartments in Bakersfield received $4.9M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q1 2020. The 64-unit pet-friendly complex was built in 1978 and features hardwood floors, carpeting and granite kitchen countertops. It is a short distance from the Buena Vista Museum of Natural History.

Ming Garden Apartments in Bakersfield received $4.9M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 72-unit complex was built in 1983 and includes granite countertops, hardwood floors and walk-in closets. The property features a pool, spa and hot tub, and is a short distance from California State University, Bakersfield. 

 The Sunset Apartments in Bakersfield received $3.4M in refinancing through the Fannie Mae Small Loan Streamlined Rate Lock (SRL) program in Q3 2019. The 58-unit property was built in 1978 and is comprised of studio, one- and two-bedroom floorplans. The single-level complex features large aisle kitchens, walk-in closets and a swimming pool. It is close proximity to the Buena Vista Museum of Natural History.  

 CONTACT:

Bina Handa

Tel: 516.506.4229

bhanda@arbor.com

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

800.ARBOR.10

arbor.com