Arbor Realty Trust : Funds $43.7M Fannie Mae DUS® Green Rewards SRL Loan in Roswell, GA
January 09, 2020 at 10:03 am
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UNIONDALE, NY (January 9, 2020) - Arbor Realty Trust, Inc. (NYSE:ABR), a leading multifamily and commercial mortgage lender, recently funded a Fannie Mae DUS® Green Rewards Streamlined Rate Lock (SRL) loan in Roswell, GA. The property received $43.7M in acquisition financing through the program, with a 12-year fixed rate, four years of interest only payments, and a 30-year amortization schedule.
Stephen York of Arbor's New York City office originated the loan.
'Our client came to us during a time of market fluidity. Their primary goal was to achieve optimal leverage and the flexibility to secure an early rate lock,' York said. 'We were delighted to provide competitive acquisition financing utilizing Fannie Mae's Green Rewards Streamlined Rate Lock program. By utilizing this product, we were able to underwrite the property's projected utility savings, which in turn allowed us to improve and maximize our loan amount. It also gave our client the ability to rate lock at a favorable time during the underwriting process when treasuries dipped.'
Built in 1972, the Avia Riverside Apartments were renovated from 2013-2015. The 396-unit garden style, multifamily property features two swimming pools, a playground and dog park. Other amenities include fitness and business centers. The complex is positioned along the bluffs overlooking the Chattahoochee River in Historic Roswell. 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.
Avia Riverside - Roswell, GA
Stephen York - Vice President, Originations
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Arbor Realty Trust Inc. published this content on 09 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2020 15:02:03 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. 
