Outside the Region: Arbor Realty Trusts funds $23.419 million in Fannie Mae and Freddie Mac loans

December 19, 2017 - Front Section

West Palm Beach, FL Arbor Realty Trust, Inc. funded loans totaling $23.419 million under the Fannie Mae DUS Loan and Freddie Mac SBL product lines. The transactions were:

• Pershing Apartments: This 54-unit multifamily property received $3.007 million funded under the Freddie Mac SBL loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.

• Coventry North Apartments, Houston, TX: This 90-unit multifamily property received $2.79 million funded under the Freddie Mac SBL loan program. The seven-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Leawood Plaza Apartments, Houston, TX: This 80-unit multifamily property received $2.317 million funded under the Freddie Mac SBL loan program. The seven-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Whispering Oaks Apartments, Houston, TX: This 180-unit multifamily property received $4.545 million funded under the Freddie Mac SBL Loan program. The seven-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Horizon Apartments, Baytown, TX: This 80-unit multifamily property received $2.107 million funded under the Freddie Mac SBL Loan program. The seven-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Oaktree Apartments, Joppa, MD: This 49-unit multifamily property received $3.318 million funded under the Fannie Mae DUS Small loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.

• 214 West Hoosac St. and 300 East Hoosac St., Waterville, MN: These 38-unit multifamily properties received $1.337 million funded under the Fannie Mae MAH Small loan program. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

• 130 Bradly Ave., Meriden, CT: This 23-unit multifamily property received $948,000 funded under the Fannie Mae DUS Small loan program. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.

Vincent Chiodo, an Originator in Arbor’s New York, New York office, originated the loans. “I’m proud of the work Arbor does,” Chiodo said. “Whether you need a small or large loan, Arbor’s customized, flexible and, above all, personalized agency platforms provide the innovative multifamily financing clients need to take advantage of today’s dynamic market.”

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