Arbor Realty Trust, Inc. Co-Funds Emerald Empire's Acquisition of Pangea Properties' Chicago Portfolio
UNIONDALE, N.Y., Dec. 23, 2022 /PRNewswire/ -- Arbor Realty Trust, Inc. (NYSE: ABR ), a leading multifamily and commercial mortgage lender, recently co-funded one of the largest Fannie Mae Structured…
Arbor Realty Trust financed the majority of the deal. There are several hundred properties involved and many thousands of units. 97% of the units are affordable at 60% Area Median Income (AMI), which is 97%. Arbor Realty Trust's Chairman, Founder and CEO, Ivan Kaufman said, "This transaction is representative the strong social commitment to preservation and provision of affordable housing." Michele Evans, Executive Vice President and Head of Multifamily at Fannie Mae, stated that Fannie Mae was proud to have collaborated with Arbor Realty Trust in this important transaction. Arbor Realty Trust, Inc. (NYSE : ABR) is an international real estate investment trust and direct lender. It provides loan origination and servicing for single-family rental (SFR), multifamily, and other commercial real estate assets. Arbor is based in New York and manages a multibillion dollar servicing portfolio. It specializes in government-sponsored enterprise products. Arbor is a Fannie Mae DUS (r) lender, Freddie Mac Optigo (r) Seller/Servicer and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor also offers bridge, CMBS and mezzanine lending. SOURCE Arbor Realty Trust