Arbor Realty Trust : Funds $6.1M Fannie Mae Small Loans in AZ and CA
October 21, 2020 at 07:35 pm IST
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UNIONDALE, NY (October 21, 2020) - Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded three Fannie Mae Small Loans in AZ and CA. The properties received $6.1M in refinancing through the program.
Greg Gillam of Arbor's Manhattan Beach office originated the loan.
'These transactions demonstrate our ability to provide clients with optimal funding in a timely manner,' Gillam said. 'At Arbor, we are committed to delivering on all of our borrowers' short- and long-term needs.'
Sherman Grove Apartments in Los Angeles, CA, received $2.5M. The multifamily property includes studio, one- and two-bedroom floorplans with walk-in closets and hardwood floors.
Grover East Apartments in Phoenix, AZ, received $2.2M. The 30-unit complex was built in 1986 and offers one-, two- and three-bedroom options. Lookout Mountain Park and Paradise Valley Community College are a short driving distance away.
1800 Megan Circle in Hanford, CA, received $1.4M. The multifamily community was built in 1962 and features one- and two-bedroom units. Retail shopping is nearby.
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.
Sherman Grove - Los Angeles, CA
Grover East - Phoenix, AZ
Greg Gillam - Vice President, Originations
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Arbor Realty Trust Inc. published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 14:04:07 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.