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| Jay Porterfield |
UNIONDALE, NY (Dec. 3, 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
16 loans totaling $86,912,000 across the western U.S. under the Fannie Mae
Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan,
Fannie Mae DUS Affordable Housing, Fannie Mae DUS Supplemental and Fannie Mae
DUS ARM 7/6™ product lines.
All of the loans, which stretch from Texas to California,
were originated by Jay Porterfield, Vice President in Arbor’s Plano, TX,
office.
“As a national direct lender, Arbor has comprehensive market
expertise throughout the country, including in such multifamily hotbed markets
as Colorado, California and Texas,” Porterfield said.
“As demonstrated by this diverse portfolio of loans, Arbor
is providing the personal service and expertise needed for investors to take
advantage of today’s strong market conditions.”
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| Hahn Triplexes, Modesto, CA |
· Stonebridge
Apartments, Modesto, CA – This 286-unit multifamily property received
$16,750,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The property provides residents
with a swimming pool, spa, clubhouse, playground and laundry room.
· Hahn
Triplexes, Modesto, CA – This 33-unit multifamily property received $3,000,000
funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance
loan amortizes on a 30-year schedule.
· Lamar
Station Apartments, Lakewood, CO – This 130-unit multifamily property received
$6,350,000 funded under the Fannie Mae DUS Loan product line. The seven-year
refinance loan amortizes on a 30-year schedule. The property features a
playground and dog park for residents.
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| Lamar Station Apartment, Lakewood, CO |
· Vistas at
the Citadel, Colorado Springs, CO – This 210-unit multifamily property received
$5,400,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. Resident amenities include two
pools, two common laundry facilities, a dog park, a playground and a barbeque
area.
· Village
Green Apartments, Greeley, CO – This 120-unit multifamily property received
$2,500,000 funded under the Fannie Mae DUS Supplemental Loan product line. The
12-year, 10-month supplemental loan amortizes on a 30-year schedule. The
complex features a pool and grill area.
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| Fountain Garden Apartments, Pueblo, CO |
· Fountain
Garden Apartments, Pueblo, CO – This 75-unit multifamily property received
$2,480,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
acquisition loan amortizes on a 30-year schedule. The apartment building
provides a common laundry center as well as a playground, basketball court and picnic area for
residents.
· High Meadow
Apartments, Durant, OK – This 208-unit multifamily property received
$10,950,000 funded under the Fannie Mae DUS Loan product line. The 10-year
acquisition loan amortizes on a 30-year schedule. There is a clubhouse, a
swimming pool, a laundry facility, a basketball court, barbeque grills, a
playground and a fitness center available on the property.
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| Mansions South Apartments, Moore, OK |
· Sunnyview
Apartments, Oklahoma City, OK – This 224-unit multifamily property received
$6,325,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule.
· Mansions
South Apartments, Moore, OK – This 146-unit multifamily property received
$4,205,000 funded under the Fannie Mae DUS Loan product line. The 25-year
acquisition loan amortizes on a 25-year schedule. Property features include
washer/dryer connections with appliances in each unit, patios/balconies, a
swimming pool, a fitness center, a basketball court, a playground, picnic areas
and a dog park.
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| Copper Creek Apartments, Fort Worth, TX |
· Trafalgar
Square Duplexes, Oklahoma City, OK – This 44-unit multifamily property received
$3,050,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule.
· McKinney
Park Apartment Homes, Denton, TX – This 250-unit multifamily property received
$8,535,000 funded under the Fannie Mae DUS Affordable Housing Loan product
line. The 10-year acquisition loan amortizes on a 30-year schedule. Residents
have access to a pool, a volleyball court, a playground, a business center and
on-site parking.
· Copper
Creek Apartments, Fort Worth, TX – This 274-unit multifamily property received
$6,200,000 funded under the Fannie Mae DUS ARM 7/6 Loan product line. The
seven-year refinance loan amortizes on a 30-year schedule. The property
features two swimming pools and two laundry rooms.
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| Cimarron Apartments, Canyon, TX |
· Chaparral
Apartments, Fort Worth, TX – This 134-unit multifamily property received
$3,492,000 funded under the Fannie Mae DUS Loan product line. The 10-year
acquisition loan amortizes on a 30-year schedule.
· Cimarron
Apartments, Canyon, TX – This 128-unit multifamily property received $2,675,000
funded under the Fannie Mae DUS Small Loan product line. The 30-year refinance
loan amortizes on a 30-year schedule. The complex features a swimming pool, a
central laundry facility and on-site parking.
· Madera
Lakeside, Arlington, TX – This 192-unit multifamily property received
$2,500,000 funded under the Fannie Mae DUS Supplemental Loan product line and
was funded to accommodate an acquisition of the property. The seven-year,
10-month supplemental loan amortizes on a 30-year schedule. Madera Lakeside
Apartments is a garden-style apartment community that provides a swimming pool
as well as a lake for its residents.
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| Madera Lakeside Apartments, Arlington, TX |
· Sandridge
Apartments, Roy, UT – This 48-unit multifamily property received $2,500,000
funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan
amortizes on a 30-year schedule.
For a complete copy of the company’s news release, please
contact:
Christopher Ostrowski
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