Arbor Realty Trust : Funds $6.1M Fannie Mae DUS® Green Rewards Loan in Houston, TX
January 14, 2020 at 07:58 pm IST
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UNIONDALE, NY (January 14, 2020) - 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.
'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.
About Us
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo Seller/Servicer. Arbor's product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor's and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
Coronado Park Apartments - Houston, TX
Brian Scharf - Vice President, Originations
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Arbor Realty Trust Inc. published this content on 14 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2020 14:27:01 UTC
Arbor Realty Trust, Inc. is a real estate investment trust. The Companyâs segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through its Agency Business, the Company originates, sells, and services a range of multifamily finance products through Fannie Mae and Freddie Mac, Ginnie Mae, Federal Housing Authority (FHA), and Housing and Urban Development (HUD). It originates, sells, and services a range of multifamily finance products.
ARBOR REALTY TRUST, INC. 
