Arbor Commercial Mortgage, a national, direct commercial real estate lender, has been approved by Freddie Mac’s as its newest Program Plus multifamily lender and in-house servicer.
Freddie Mac’s Program Plus network is a group of experienced multifamily lenders with more than 150 branches across the nation.
Program Plus Seller/Servicers are approved by Freddie Mac for specific geographic areas. Arbor has been approved as a seller and servicer for New York, New Jersey and Connecticut.
“We are extremely pleased to have been named as Freddie Mac’s newest Program Plus seller and servicer,” stated Ivan Kaufman, chairman and CEO of Arbor.
“As a leading multifamily lender, the attractive financing programs our clients will now be able to access through Freddie Mac will complement the other diverse and flexible commercial loan products we have offered the industry for the past two decades. We look forward to a long and successful relationship with our newest partner and to providing our loyal clients with another financing option to suit their business goals.”
John Cannon, senior vice president of production and sales for Freddie Mac, said, “Freddie Mac only purchases multifamily mortgages through the nation’s best locally based lenders who have years of lending expertise and proven track records of success.
“Based on in its long-standing multifamily financing experience and the expertise of its senior management team, Arbor is a logical and complimentary addition to our family of lenders. We look forward to partnering with Arbor for the betterment of borrowers for years to come.”