Arbor Realty Trust funded a Fannie Mae DUS Green Rewards loan in California.
The property received $39.3 million in funding through a 15-year loan with full term interest only from the program.
Alexander Kaushansky of Arbor’s New York City office originated the loan.
“Our client’s goal was to acquire a core asset that they plan on holding in a stable growing market,” said Kaushansky.
“We helped them take advantage of the low interest rate environment with creative green financing, which lowered their interest rate and their annual utility costs. The
loan’s structure achieved the borrower’s current and future goals.”