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 $28,120,000 loan under the Fannie Mae DUS® product line to finance the acquisition of the 288-unit student housing complex known as The Exchange at Greenville (photo above) in Greenville, NC.
The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.47 percent. * DUS and 3MaxExpress are registered marks of Fannie.
The loan was originated by John Edwards, ( photo at right) Director, in Arbor’s full-service Boston, MA lending office. “We closed this loan concurrent with the Campus Pointe and Manor Apartments and were able to meet the client’s acquisition deadline,” said Edwards.
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, LLCArbor Realty Trust, Inc.
The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.47 percent. * DUS and 3MaxExpress are registered marks of Fannie.The loan was originated by John Edwards, ( photo at right) Director, in Arbor’s full-service Boston, MA lending office. “We closed this loan concurrent with the Campus Pointe and Manor Apartments and were able to meet the client’s acquisition deadline,” said Edwards.
“The combined financing was completed in less than 30 days and demonstrates Arbor’s tremendous team effort to accom
plish this financing despite monumental year-end challenges. We sincerely appreciate the client’s trust in our ability to deliver as promised and look forward to continuing this business relationship.” (Photo of The Exchange's lobby at left)
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.
plish this financing despite monumental year-end challenges. We sincerely appreciate the client’s trust in our ability to deliver as promised and look forward to continuing this business relationship.” (Photo of The Exchange's lobby at left)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 a 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
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
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