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Arbor funds $276M in multifamily loans.

Arbor Realty Trust, a real estate investment trust and national direct lender, funded 57 loans totaling $275,864,000 spanning New York to California under the Fannie Mae DUS[R] Loan and Freddie Mac SBL product lines.

Brian Scharf, vice president of originations in Arbor's Uniondale, New York office, originated the loans. "As the leading multifamily small balance lender in the country, Arbor is expertly suited to provide both the high level expertise and customer service that's required for small balance investors as well as those with larger transactions," Mr. Scharf said.

Among the 57 transactions, properties include:

* Larkspur Pointe, Simpsonville, SC--This 144-unit multifamily property received $14,500,000 funded under the Fannie Mae DUS[R] Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

* Upper East Portfolio, Dallas, TX -15 multifamily apartment buildings located at various addresses received $17,500,000 funded under the Fannie Mae DUS Green Rewards Loan product line. The ten-year, refinance loan amortizes on a 30-year schedule.

* Manor at Castle Hills, San Antonio, TX--This 306-unit multifamily property received $24,000,000 funded under the Fannie Mae DUS Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

* Hesperian Falls, Las Vegas, NV-This 300-unit multifamily property received $10,600,000 funded under the Fannie Mae DUS Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

* Camaron at Woodcrest, Tallahassee, FL--This 222-unit multifamily property received $11,900,000 funded under the Fannie Mae DUS Green Rewards Loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

* Seagull Apartments, Kirkland, WA--This 21-unit multifamily property received $4,775,000 funded under the Freddie Mac Small Balance Loan product line. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

Caption: BRIAN SCHARF

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Title Annotation:BANKING & FINANCE
Comment:Arbor funds $276M in multifamily loans.(BANKING & FINANCE)
Publication:Real Estate Weekly
Date:Oct 4, 2017
Words:298
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