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| 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.”
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| 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.
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| 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."
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| 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.
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| 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.
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| 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.
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| 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.”
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| 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.
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| 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.
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| 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.
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| 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.”
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| 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
