4 months ago
4 months ago
Uniondale, N.Y. — Arbor is proud to announce that for the second straight year it was named the Top Freddie Mac Multifamily Small Balance Lender.
Arbor received the designation by originating the largest volume of Freddie Mac Small Balance Loans in 2016, the second full-year of existence for the Freddie Mac loan product.
“Our two-year partnership with Freddie Mac on its Small Balance Loan platform has been a tremendous success for Arbor, Freddie Mac and, most importantly, small balance investors, who are able to take advantage of such a strong product with great financing terms,” said Arbor Chairman, President and CEO Ivan Kaufman. “This product is a great financial solution for what had been a historically underserved sector of the multifamily market. We are very proud to have the long-standing internal expertise, including origination and processing talent, to be able to deliver these loans for the marketplace.”
The company attributes its achievement of the top designation to its long-standing small loan expertise, uniquely personalized customer service for small and large borrowers and certainty of execution. Arbor was instrumental in helping develop the program back in 2014. This award comes on the heel of last week’s announcement when Arbor was named a Top 10 Fannie Mae Lender 10 years straight.
“As our Top Freddie Mac Multifamily Small Balance Lender two years in a row, Arbor has played an integral part in the tremendous growth of this product going all the way back to the development phase in 2014,” added Stephen Johnson, Freddie Mac’s Vice President of Small Balance Loan Business. “With Arbor and our other lenders’ critical assistance, we have met the large demand for this product and helped provide much greater liquidity to the affordable housing sector and, therefore, better quality housing for renters nationwide.”
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