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
See today’s best-performing stocks on TipRanks >>
Read More on ABR:
- Arbor Realty Trust, Inc. Co-Funds Emerald Empire’s Acquisition of Pangea Properties’ Chicago Portfolio
- Arbor Realty Trust, Inc. Completes $315 Million Freddie Mac Q Series Securitization
- Inflation at 7.7%: 2 ‘Strong Buy’ Dividend Stocks That Beat This Rate
- Arbor Realty Trust Reports Third Quarter 2022 Results and Increases Dividend for Tenth Consecutive Quarter to $0.40 per Share
- Arbor Realty Trust Schedules Third Quarter 2022 Earnings Conference Call