Arbor Closes Three DUS® Loans Totaling $6,990,600

UNIONDALE, NY (Feb.17, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three (3) loans totaling $6,990,600 under the Fannie Mae DUS® product line.

These loans include:

Spring Village (top right photo) - Houston, TX - 132-unit complex in the amount of $2,918,400 funded under the Fannie Mae DUS® Small Loans product line. The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.33 percent.

Highland Park Apartments (middle left photo) – Albuquerque, NM - 80-unit complex in the amount of $2,910,200 funded under the Fannie Mae DUS® Small Loans product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.40 percent.

Melborne – Phoenix, AZ - 26-unit complex in the amount of $1,162,000 funded under the Fannie Mae DUS® Small Loans product line. The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.24 percent.

The loans were originated by Patrick McGovern, (bottom right photo) Director, in Arbor’s full-service New York, NY lending office.

“All three of these transactions in the Southwest helped the borrowers meet the timelines of their transactions,” said McGovern “Arbor provided them with the maximum leverage that was available in the market.”

CONTACT: Ingrid Principe, Arbor Commercial Mortgage, P: 516.506.4298 F: 516.542.2555. http://www.arbor.com/

Wyndham Dallas Love Field Joins the Wyndham Hotels and Resorts System

PARSIPPANY, N.J. (Feb. 17, 2009) – Wyndham Hotels and Resorts, a member of the Wyndham Hotel Group family of brands, today announced the opening of the 244-room Wyndham Dallas Love Field (top right photo) at 3300 West Mockingbird Lane in Dallas.

The hotel, owned by Mockingbird Partners L.P., recently underwent a $14 million renovation before becoming an upscale, full-service Wyndham hotel. Fourteen of the rooms are deluxe suites with dining and kitchen areas.

Algiere Design & Purchasing Services of Dallas designed the guest rooms, which feature soundproofing, marble entryways and bathrooms with marble floors and countertops and walk-in showers and glass doors.

“We’re delighted to join the Wyndham family and look forward to providing our guests with the brand’s signature personalized and innovative services,” said Stephen Rogers, Mockingbird general partner.

The hotel is located one quarter mile southeast of the Dallas Love Field Airport and five miles northwest of downtown Dallas. For additional information and reservations, go to http://www.wyndham.com/ or call (877) 999-3223.

CONTACT:

Evy Apostolatos, Director, Media Relations, Wyndham Hotel Group, 1 Sylvan Way, Parsippany, NJ 07054. (973) 753-6590. Evy.apostolatos@wyndhamworldwide.com

David Auerbach Re-Joins Thomas D. Wood & Co.

MIAMI, FL— David Auerbach re-joined Thomas D. Wood & Company in February of 2009 as Vice President, and specializes in originating and structuring commercial real estate debt and equity financing nationwide for all property types.

Prior to joining Thomas D. Wood & Company, Mr. Auerbach was responsible for opening and expanding Deutsche Bank Mortgage Capital’s Miami office as Director.

(Deutsche Bank headquarters building, Frankfurt, Germany, bottom left photo)

During his tenure at Deutsche Bank between 2007 and 2009, Mr. Auerbach was involved in the placement of fixed and floating rate non-recourse debt and equity investments for institutional investors and assets.

Prior to that, Mr. Auerbach worked as a Vice President for Wachovia Securities in Fort Lauderdale, FL, where he participated in the origination and closing of over $3 Billion in fixed rate CMBS, floating rate CMBS, bridge, mezzanine, equity and agency debt between 2002 and 2007.

Prior to joining Wachovia Securities, Auerbach started his real estate finance career in 1999 as a real estate analyst for Thomas D. Wood & Company, and through 2002 he performed loan underwriting for senior loan originators, prepared appraisals and asset summaries for loan committee, and coordinated the closing process for acquisitions and refinances.

Mr. Auerbach is a graduate of Florida International University with a Bachelor of Science in Business Administration, and a graduate of University of Miami with a Master of Business Administration, Management.

For further information, please contact:
David Auerbach (305) 447-7833 dauerbach@tdwood.com

Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com