Blue Magma Residential acquired the property from CapReit

Berkadia announces it has arranged the sale and financing of a 1,002-unit apartment community in Memphis, Tennessee. Senior Director Patrick Jordan of Berkadia’s Memphis office represented the seller, CapReit, a leading multifamily real estate company with offices in suburban Washington D.C. and Center City Philadelphia. Blue Magma Residential, a Tampa-based real estate firm with $1 billion in assets under management, acquired the property for an undisclosed price.

Senior Managing Director Charles Foschini and Managing Director Christopher Apone of Berkadia Miami secured acquisition financing on behalf of Blue Magma. Arbor Realty Trust originated the $82 million bridge loan. The non-recourse, floating-rate three-year interest-only loan includes two one-year extension options.

“Blue Magma dipped their toes in the Memphis multifamily arena a few years ago, but has just made a considerable splash with the acquisition of the 1,002-unit Waterview Apartment Homes,” said Jordan. “This community offers multi-tiered opportunities for value creation through both interior and exterior improvements. Blue Magma offers a signature style that pairs well with a resilient Memphis market experiencing tremendous growth.”

Added Foschini, “The borrower has a long history in the market with a proven track record in the successful repositioning of workforce housing communities. In a competitive market, the lender who has worked with them before provided terms that were class-leading to win the transaction.”

Located at 6860 Quince Road, Waterview Apartment Homes was built in 1985 and offers one- and two-bedroom apartments ranging from 533 square feet to 1,160 square feet. Individual units are cable ready and feature vaulted ceilings, ceiling fans, and in some units, washer/dryer, wood-burning fireplaces, and built-in bookshelves. The pet-friendly community amenities include 22 acres of lakes with water features, lighted tennis courts, a fitness center, indoor and outdoor resort-style pools and spas, and a sundeck and lounge area.  The community is conveniently located in Southeast Memphis, close to I-240 and Bethel University and approximately 25 minutes from the downtown.

UNIONDALE, NY (January 31, 2018) - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently funded a $88M refinance for a portfolio located in Los Angeles, CA through the Freddie Mac Small Balance Loan (SBL) Program.

The portfolio consists of over 660 multifamily units across 26 properties.

“We are extremely proud of this transaction, as it is a true reflection of our expertise and commitment to this market,” said John Caulfield, Chief Operating Officer, Agency Lending, Arbor Realty Trust, Inc.“ The Freddie Mac SBL Program once again has demonstrated its effectiveness in preserving affordable housing stock in an otherwise high-cost market. Together with a valued repeat client and our Freddie Mac partnership, this transaction has helped preserve critical workforce housing for thousands of residents.”

“Freddie Mac was pleased to partner with Arbor and a repeat sponsor in supporting affordable workforce housing in Los Angeles County,” said Russell Dines of Freddie Mac Multifamily’s Small Balance Loan business. “The financing of smaller, older-vintage apartment buildings like these is vital to ensuring the availability of affordable housing. The combined partnership on this portfolio enabled us to finance 660 units in total, and a substantial number of the units will be affordable to low- and moderate-income households.”

UNIONDALE, NY (January 8, 2019) - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, is pleased to announce the appointment of Scott Chamberlain as Vice President, Sales. Mr. Chamberlain will be responsible for originating FHA, Fannie Mae, Freddie Mac and bridge loan transactions nationwide.

Mr. Chamberlain comes to Arbor with more than 40 years of multifamily lending experience and deep expertise in originating FHA loans. In his most recent position with PR Mortgage & Investments, he served as Senior Vice President, responsible for handling FHA multifamily loan origination. Prior to this role, he served as Senior Managing Director and Branch Manager at Berkadia for over 16 years. Mr. Chamberlain received a Bachelor of Science in Accounting from Weber State College.

“With over 40 years of experience and a proven track record of success in the FHA multifamily lending space, Scott will help support Arbor’s strategic growth plans as we continue to build our reputation as a top agency lender,” said Frank Lutz, Executive Vice President, Chief Production Officer, Arbor Realty Trust. “Scott will provide Arbor with a great opportunity to expand its presence and market share, and we look forward to having him as part of our successful and growing company.”

About Us

Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility and dedicated to providing our clients excellence over the entire life of a loan.

UNIONDALE, NY December 17, 2018 - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, recently closed five deals totaling $48.8M, spanning over 775 multifamily units in South Carolina, with the joint venture of Friedlam Partners and EBEX Holdings.

“At Arbor, our clients are our partners and we will go above and beyond for them,” said Alex Kaushansky, Vice President, Originations at Arbor Realty Trust Inc. “Our ability to utilize multiple loan products to meet the needs of our partner is what has grown this partnership.”

The transactions included:

• Willow Glen, a 96-unit property located in Rock Hill, SC, received a $5M acquisition loan under the Freddie Mac Small Balance Loan program.

   

• The Gramercy and Fields Riverview, adjoining properties totaling 292 units located in Rock Hill, SC, received $19.3M in bridge financing.

   

• Carolina Crossing, a 267-unit property located in Rock Hill, SC, received $17.5M in acquisition funding through the Fannie Mae Green Financing® program.

   

• Summer Creek, a 120-unit property located in Goose Creek, SC, received a $7M acquisition loan under the Fannie Mae Green Financing® program.

“We at EBEX Holdings were extremely pleased to work with Arbor Realty Trust on these multiple transactions,” said Evan Goldenberg, Principal, Ebex Holdings. “We were presented multiple product choices by Alex to service the different needs of our transactions, which made the process of securing financing for these properties much easier than expected.”

“Securing financing for multiple acquisitions is not a simple process, but Arbor went above and beyond to make the process as seamless as possible,” Nathan Friedman, Principal, Friedlam Partners. “We have a long-standing partnership with Arbor and look forward to continuing to grow it.”

UNIONDALE, NY December 3, 2018 - Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, is pleased to announce its participation in this year’s Information Management Network (IMN) The Single Family Rental Investment Forum (SFRIF) West. 

IMN SFRIF West is an industry-leading event that brings together key market participants including REITs, Funds, Aggregators, Fix and Flippers, Note Buyers and Institutional Investors together for thoughtful debate and countless networking opportunities. Arbor will be represented by Jason Scott, Managing Director South Region and Carl Koebler, Assistant Vice President, SBL and SFR Screening.  Information about Arbor’s participation is below:

• December 4, 2018, 11:05 AM Track B Short Term/Bridge for Rental Housing panel discussion – Jason will be participating in a panel discussion with industry leaders that will cover topics such as portfolio purchases, appraisals and valuation evaluation and the purchase of long-term debt.
• December 4, 2018, 11:50 AM Track A Long-Term Financing: Debt Financing Source Comparison panel discussion – Carl will be participating in a panel discussion focused on topics such as the agency market, Fannie and Freddie affects on the market and locking in debt before the rates rise.