Last month, Fannie Mae officially named Arbor Commercial Funding, LLC, a wholly owned subsidiary of Arbor Commercial Mortgage, a Fannie Mae Seniors Housing Delegated Underwriting and Servicing (DUS®) lender. Arbor was already an existing lender in Fannie Mae’s conventional multifamily housing program.
Arbor’s consistent record as one of the highest producers of Multifamily Affordable Housing and Senior Housing, has also seen Fannie Mae name the lender as one of the Top 10 DUS Producers in 2014, a Top 10 Producer for Multifamily Affordable Housing and a Top 10 Producer for Senior Housing.
The disclosure will make Arbor one of an elite group of 17 Fannie Mae Seniors Housing lenders in the market that can offer its clients best fixed and variable loan products available in the healthcare market. The platform has also been set to include financial assistance for independent and assisted living, and Alzheimer’s and Dementia Care facilities.
The partnership between Arbor and Fannie Mae has spanned two decades so the announcement comes as no surprise. Fannie Mae’s Vice President of Borrower Relationships, Structured Transactions and Seniors Housing, Phyllis Klein, subsequently said in a statement, “We look forward to seeing Arbor bring our customized and flexible financing solutions to its seniors housing clients.”
Arbor’s new Fannie Mae Seniors Housing platform will greatly strengthen the capabilities of the company’s dedicated Seniors Housing & Healthcare Finance group, which has been uniquely positioned to offer investors an easy and complete financing experience with bridge and FHA seniors housing loans as well.
With the recent news of multifamily and assisted living evictions of seniors, Arbor’s new designation may become a welcome relief to the growing number of seniors in need of an advocacy in the multifamily and senior housing.
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.
Obtaining Fannie Mae Seniors Housing approval acknowledges Arbor’s longstanding relationship with Fannie Mae, and its commitment to strengthening the Senior Housing & Healthcare platform to provide unique loan and financing options to seniors.