Arbor Realty Trust : Funds $1.6M Freddie Mac SBL Deal in Brownsville, TX
January 08, 2019 at 03:34 pm
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UNIONDALE, NY (January 8, 2019) - Arbor Realty Trust, Inc. (NYSE:ABR), Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, recently funded a Freddie Mac SBL deal in Brownsville, TX.
7900 Topo Chico Circle, a 24-unit multifamily property, received $1.6M in acquisition funding through the Freddie Mac SBL program. The deal is a structured 1031 exchange with a 73% LTV ratio.
Sam Gold of Arbor's Dallas office originated the loan. 'Our client owns several complexes in the area and has seen growth in rents and values over the last few years,' said Gold. 'This property has tremendous potential and the client plans to make improvements. For more than 10 years, he has benefitted from 1031 exchanges as a result of the strong partnership established with Arbor.'
Built in 2009, the multifamily property offers duplex units equipped with HVAC systems, washer/dryer units, patios and modern appliances/finishes. The property also features parking garages and recreational amenities.
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, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor's and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.
7900 Topo Chico Circle - Brownsville, TX
Sam Gold - Vice President, Originations
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Arbor Realty Trust Inc. published this content on 08 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2019 15:33:01 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. 
