Monday, April 7, 2008

Arbor Closes $18,025,000 Fannie Mae DUS® MBS Loan for Campus Pointe and Campus Manor in Macomb, IL

UNIONDALE, NY, April 7, 2008--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $18,025,000 loan under the Fannie Mae DUS® MBS program to finance the acquisition of two student housing properties totaling 361 units known as Campus Pointe and Campus Manor (photo above) in Macomb, IL.

The five-year loan amortizes on a 30-year schedule and carries a note rate of 5.46 percent. * DUS and 3MaxExpress are registered marks of Fannie Mae.

The loan was originated by John Edwards, (photo at right) Director, in Arbor’s full-service Boston, MA lending office.

“This financing reflects an outstanding Arbor team effort to achieve the client’s timing expectations,” said Edwards. “We were able to close this loan as promised within 30 days to facilitate an acquisition. We look
forward to continuing our business relationship with this important client.”

Arbor Commercial Funding, LLC, Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility.

Arbor’s seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers
broad array of financing options including Fannie Mae DUS®, FHA, CMBS, Bridge and Mezzanine products. Currently, Arbor services approximately $3 billion in loans. Arbor is a rated Standard & Poor’s third-party commercial loan and special servicer.

Arbor also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in real estate-related bridge and mezzanine loans, preferred equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, and has full-service lending offices throughout the United States.

CONTACT:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298

No comments:

Post a Comment