Arbor Realty Trust Inc. Los Angeles Review

The short story is: In Sept 2016 Arbor initiated a refinancing on a multifamily building where I owed more than 40% equity, with at all time 97% to 100% occupancy and positive cash flow (ie. low risk), then changed the terms of the refinancing three times and ultimately failed to honor the deal under the agreed terms. With the first LOI Arbor required and received an upfront payment of $12,500 “application fee”” to cover for “”out of pocket costs and closing fee””

then changed the terms of the deal twice – obvioulsy with less attractive terms and higher interest rates

but I already paid the $12

500 and felt financially committed. Arbor uses Freddie Mac or Fannie May money to fund their loan

while my loan/refi was under Freddie Mac

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Arbor Realty Trust Inc. Los Angeles Review is rated 1 out of 5 based on the reviews submitted by our users and is marked as POOR.
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