- Arbor Realty Trust ( NYSE: ABR ) notifies that it recently co-funded one of the largest Fannie Mae Structured Adjustable-Rate Mortgage loans of 2022 in support of New York-based Emerald Empire's acquisition of Pangea Properties' Chicago portfolio.
- The deal was primarily financed by Arbor Realty Trust.
- NewPoint Real Estate Capital also participated in the deal.
- The sale spans several hundred properties and thousands of units, of which 97% are considered "affordable" at 60% of Area Median Income.
- The deal also provides career continuity for Pangea Properties' Chicago-area employees, who will be kept on to manage the properties for Emerald.
For further details see:
Arbor Realty co-funds Emerald Empire's purchase of Pangea's Chicago portfolio