Arbor appointed national small balance loan lender by Freddie Mac

As part of its new small balance loan product, Freddie Mac has appointed Arbor Commercial Mortgage as one of three eligible nationwide lenders. Designed for multifamily acquisitions and refinancings, Freddie Mac's small balance loan product will offer fixed-rate mortgages and hybrid adjustable-rate mortgages ranging from $1 to $5 million. Leveraging the established small loan expertise of Arbor Commercial Mortgage, the program will also offer several market-leading terms and components, including full-term interest-only options, flexible pre-payment capabilities, non-recourse, low interest rates, 80% loan to value, 1.20 DSCR for top markets, no underwriting floors, a streamlined loan process, reduced documentation and assumability. "We are extremely pleased to partner with Freddie Mac on this new, national product offering," said Ivan Kaufman, Chairman and CEO of Arbor. "Through our experience and success in the multifamily small balance loan business, we have a comprehensive understanding of the level of expertise needed to execute this product and recognize the importance of properly serving this growing market. Therefore, we greatly appreciate Freddie Mac's creation of this new platform, which promises to further enhance the small balance finance offerings available to multifamily investors. This new platform also brings to Arbor yet another new loan product offering, ensuring our valued clients have access to a truly comprehensive lineup of multifamily finance solutions." Arbor is now one of a few multifamily lenders offering both Freddie Mac and Fannie Mae Small Loans. Earlier this year, Freddie Mac appointed Arbor as a Program Plus® Seller/Servicer for all conventional loan products. Arbor has been a Top 10 Fannie Mae DUS® Multifamily Lender for seven years in a row and is a Top Fannie Mae DUS® Small Loan lender. "We are excited to partner with Arbor Commercial Mortgage as one of our first Small Balance Loan Seller/Servicers," added David Brickman, Executive Vice President of Freddie Mac Multifamily. "As a veteran small loan lender, Arbor brings a great deal of knowledge and talent to this program and we look forward to working with them in serving the multifamily small loan market."