Arbor Funds $123.2M in Multifamily Deals Across Midwest, Southwest and Southeast

Matt Norman

UNIONDALE, NY (May 1, 2014) - Arbor Commercial Funding, LLC (“Arbor”), a wholly- owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, announced the recent funding of 24 loans totaling $123,227,400 under Arbor’s Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Affordable Housing, Fannie Mae DUS ARM 7-6™, Arbor CMBS and Arbor Realty Trust Bridge product lines.

All of the loans were originated by Matt Norman, Vice President in Arbor’s Dallas, TX, office.

 “As there are strong multifamily investment opportunities across the country, Arbor prides itself in providing local market expertise to its clients wherever their business takes them, as evidenced by this latest group of loans,” Norman said.

 “Equally important to offering geographic diversity is product diversity and these transactions required an expansive product approach that ranged from fixed- to adjustable-rate financing to affordable housing, bridge, CMBS and small loans.” 

·            Selma Alabama Portfolio, Selma, AL – This 172-unit multifamily portfolio received $4,590,000 funded under the Fannie Mae DUS Loan product line. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation. 

Selma, AL Portfolio, Selma, AL

·            Sutton Bridge Apartments, Rainbow City, AL – This 108-unit multifamily property received $3,400,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

  

·            Woodland Square Apartments, Mobile, AL – This 128-unit multifamily property received $3,290,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

Sutton Bridge Apartments, Rainbow City, AL

·            Multifamily Property, Ohio – This 416-unit multifamily property received $11,900,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.  Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

·            Multifamily Property, Ohio – This 176-unit multifamily property received $2,768,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

  

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

costrowski@arbor.com