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Arbor Realty co-funds Emerald Empire’s purchase of Pangea’s Chicago portfolio
The Fly

Arbor Realty co-funds Emerald Empire’s purchase of Pangea’s Chicago portfolio

Arbor Realty Trust announced that it recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage loans of 2022 in support of New York-based Emerald Empire’s acquisition of Pangea Properties’ Chicago portfolio. The deal was primarily financed by Arbor Realty Trust. NewPoint Real Estate Capital also participated in the transaction. The sale spans several hundred properties and thousands of units, of which 97% are considered "affordable" at 60% of Area Median Income.

Published first on TheFly

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