Arbor Realty Trust, Inc., a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other assets, announced it has surpassed a milestone in its small balance loan history as the first lender to reach $2 billion in Freddie Mac Small Balance loans.
“Our volume, capacity and borrower loyalty are all well in excess of what we could have predicted when the Small Balance Loan program launched, and that’s largely due to the remarkably strong relationship we’ve built with Freddie Mac,” said Arbor chairman, President and CEO, Ivan Kaufman.
“The product was created with the unique needs of the smaller multifamily participant in mind, and it has evolved to meet their changing demands as the multifamily cycle has progressed. We are excited to continue to provide a stable, reliable financial solution that supports the workforce housing goals associated with smaller multifamily assets.”
Arbor was a key contributor in the development of the program, which launched in late 2014, and has been the program’s top lender in 2015 and 2016.
Stephen Johnson, vice president, Small Balance Loan Business for Freddie Mac Multifamily, said, “Arbor was our top producing Small Balance lender in 2015 and 2016, and its 2017 performance has exceeded all expectations.”