Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial
real estate lender, has been approved by Freddie Mac’s as its newest
Program Plus® multifamily lender and in-house servicer.
Freddie Mac's Program Plus network is a highly selective group of
experienced multifamily lenders with more than 150 branches across the
nation. Program Plus Seller/Servicers are approved by Freddie Mac for
specific geographic areas. Arbor has been approved as a seller and
servicer for New York, New Jersey and Connecticut.
“We are extremely pleased to have been named as Freddie Mac’s newest
Program Plus seller and servicer,” stated Ivan
Kaufman, Chairman and CEO of Arbor. “As a leading multifamily
lender, the attractive financing programs our clients will now be able
to access through Freddie Mac will complement the other diverse and
flexible commercial loan products we have offered the industry for the
past two decades. We look forward to a long and successful relationship
with our newest partner and to providing our loyal clients with another
financing option to suit their business goals.”
“We are pleased to approve Arbor Commercial Mortgage as a Program Plus
lender,” added John Cannon, Senior Vice President of Production and
Sales for Freddie Mac. “Freddie Mac only purchases multifamily mortgages
through the nation's best locally based lenders who have years of
lending expertise and proven track records of success. Based on in its
long-standing multifamily financing experience and the expertise of its
senior management team, Arbor is a logical and complimentary addition to
our family of lenders. We look forward to partnering with Arbor for the
betterment of borrowers for years to come.”
About Us
Founded by Chairman and CEO Ivan
Kaufman, Arbor
Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are
national direct lenders specializing in loan origination and servicing
for multifamily and other diverse commercial real estate assets. Arbor
is a Top 10 Fannie
Mae DUS Loan Multifamily Lender by origination volume, a Freddie Mac
Program Plus Seller/Servicer, an FHA
Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-Approved
LIHTC Lender as well as a CMBS,
Bridge
and Mezzanine
lender, consistently building on its reputation for service, quality
and flexibility. With a current servicing portfolio of $10.8 billion,
Arbor is a primary commercial loan servicer and special servicer rated
by Fitch Ratings and Standard & Poor’s and holds an Above Average rating
from Standard & Poor’s. Arbor is also on the Standard & Poor’s Select
Servicer List.
Arbor Commercial Mortgage, LLC also manages Arbor
Realty Trust, Inc., a real estate investment trust, (REIT), formed
to invest in mortgage-related securities, real estate-related bridge,
junior participating interests in first mortgages, mezzanine loans,
preferred and direct equity investments and in limited cases, discounted
mortgage notes and other real estate related assets. Arbor is
headquartered in Uniondale, NY with full-service lending offices
throughout the United States. For more information about Arbor, visit www.arbor.com.
Copyright Business Wire 2014