UNIONDALE, NY - 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 $88 million refinance for a portfolio located in Los Angeles, CA through the Freddie Mac Small Balance Loan (SBL) Program.
The portfolio consists of over 660 multifamily units across 26 properties.
“We are extremely proud of this transaction, as it is a true reflection of our expertise and commitment to this market,” said John Caulfield, Chief Operating Officer, Agency Lending, Arbor Realty Trust, Inc.“ The Freddie Mac SBL Program once again has demonstrated its effectiveness in preserving affordable housing stock in an otherwise high-cost market. Together with a valued repeat client and our Freddie Mac partnership, this transaction has helped preserve critical workforce housing for thousands of residents.”
“Freddie Mac was pleased to partner with Arbor and a repeat sponsor in supporting affordable workforce housing in Los Angeles County,” said Russell Dines of Freddie Mac Multifamily’s Small Balance Loan business. “The financing of smaller, older-vintage apartment buildings like these is vital to ensuring the availability of affordable housing. The combined partnership on this portfolio enabled us to finance 660 units in total, and a substantial number of the units will be affordable to low- and moderate-income households.”
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.