Outside the Region: Arbor funds $1.6 million Fannie Mae DUS loan for Sandhill Properties

Hutchinson, KS Arbor Realty Trust, Inc. funded a Fannie Mae DUS Small Loan for Sandhill Properties. The 48-unit, garden-style multifamily property, received $1.6 million in acquisition funding through the Fannie Mae Small Loan program. The loan provides a 12-year fixed rate term and a 30-year amortization schedule.

Eugene Yanovskiy of Arbor’s NYC office originated the loan. 

“The aggressive Fannie Mae Small Loan program allowed us to get the borrower the best 12-year quote available,” said Yanovskiy. “And with the support of exceptional talent and teamwork at Arbor, including underwriter Munzir Khan, we were able to execute a quick close necessary due to the timing constraint of the acquisition.”

Sandhill Properties amenities afforded to tenants include a swimming pool, basketball court, and carports.