California + Los Angeles + Finance | February 6, 2019

Arbor Closes $88M Freddie Mac Small Balance Loan Portfolio

Connect Los Angeles is planned March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

‘Uniondale, NY-based Arbor Realty Trust, Inc. funded a $88-million refinance for a portfolio located in Los Angeles through the Freddie Mac Small Balance Loan (SBL) Program. The portfolio consists of more than 660 multifamily units spread across 26 properties.

Arbor Realty Trust, Inc.’s John Caulfield (pictured) notes the deal is a true reflection of its expertise and commitment to the Los Angeles market. He says, “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 Multifamily’s Russell Dines says, “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.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.