Freddie Mac's new headquarters.
UNIONDALE, NY—Locally-based Arbor Realty Trust, Inc. reports it has closed three single-family rental portfolio financing deals totaling $66.4 million under the Freddie Mac Single-Family Rental pilot. The transactions span properties in nine states.
Arbor provided $51.3 million in financing for the Reven SFR Portfolio, an 824-unit portfolio located in Jacksonville, FL; Memphis, TN; Atlanta, GA; Birmingham, AL and Houston, TX under the Freddie Mac Single-Family Rental pilot. The transaction provides a seven-year fixed rate with a 30-year amortization schedule. A total of 97% or 799 residential units are affordable for low-income families earning at or below 80% of the Area Median Income (AMI) and 100% are affordable to families earning 100% of AMI. Jason Scott of Arbor's Atlanta office originated the loan.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
