Arbor Closes $2.7M Fannie Mae DUS® Small Loan for Acadia Place Apartments in San Antonio, TX

UNIONDALE,  NY (Oct. 23, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,712,400 loan under the Fannie Mae DUS® Small Loan product line to refinance the 140-unit complex known as Acadia Place Apartments in San Antonio, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided acquisition financing for this property in San Antonio,” said Porterfield. “The borrower owns other properties in the area and Acadia Place was a strategic fit within their portfolio.”


Anthony Tarter Appointed Director in Arbor’s Dallas, TX Office

UNIONDALE, NY) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced the appointment of Anthony Tarter to Director in Arbor’s Dallas, TX office. Mr. Tarter is responsible for originating Fannie Mae and FHA transactions nationwide. He reports to Ken Fazio, Vice President, National Sales Manager.

Contact:  Ingrid Principe, iprincipe@arbor.com, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1