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Arbor’s Abergel arranges $120M in Freddie financing

Arbor Realty Trust’s New York-based vice president Ron Abergel just announced $120 million in Freddie Mac Multifamily funding  across the US.

RONEN ABERGEL
RONEN ABERGEL

Abergel closed on a total of 28 loans totaling $120,844,000 across Kansas, Florida, California and other states under the Freddie Mac Conventional Multifamily Loan and Freddie Mac Multifamily Small Balance Loan products.

One $1 million loan was made to a five-unit multifamily property on Fulton Street in Brooklyn. The five-year hybrid loan with a 20-year term was funded under the Freddie Mac Multifamily Small Balance Loan product line.

The other deals included:

  • Hillsdale Apartments, Topeka, KS – This 94-unit multifamily property received $2,555,000 funded under the Freddie Mac Multifamily Small Balance Loan product line. The five-year refinance loan amortizes on a 30-year schedule.
  • Swann’s Cover, Lakeland, FL – This 120-unit multifamily property received $4,750,000 funded under the Freddie Mac Multifamily Small Balance Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
  • Los Angeles Portfolio, Los Angeles, CA – Thirteen multifamily properties containing a combined total of 420 units received individual loans under the Freddie Mac Multifamily Small Balance Loan product line totaling an aggregate of $37,913,000. Each individual seven-year refinance loan will amortize on a 30-year schedule.
  • Multifamily Property, Pennsylvania – This 250-unit multifamily property  received $45,000,000 funded under the Freddie Mac Conventional Multifamily Loan product   The 10-year refinance loan amortizes on a 30-year schedule.
  • Country Village Apartments, Norman, OK – This 100-unit multifamily property received $2,846,000 funded under the Freddie Mac Multifamily Small Balance Loan product line. This is a five-year hybrid loan with a 20-year term.
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