Arbor Closes 5 Fannie Mae Loans Totaling $78M

June Beene Garden in Conway, AR Receives $5.5M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $5,500,000 loan under the Fannie Mae DUS® product line for the 166-unit complex known as June Beene Garden (bottom left photo)  in Conway, AR.

The 10-year loan amortizes on a 26-year schedule and carries a note rate of 5.77 percent.

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

“We were pleased with the opportunity to provide the client with their objective of a low interest rate and shorter amortization,” said Edwards. “Additionally, we are grateful for the efforts of Magna Bank in arranging this financing.”


Cedar Brook Apartments in Portland, OR Obtains $688,000

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $688,000 loan under the Fannie Mae DUS® Small Loan product line for the 17-unit complex known as Cedar Brook Apartments in Portland, OR.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.

The loan was originated Brian Scharf, Director, (middle right photo) in Arbor’s full-service Uniondale, NY lending office. “As we continue to grow our presence in the Northwest, this particular transaction, a quality asset in a strong market, showcases our commitment to providing capital solutions in the small loan space,” said Scharf.


Villa Bella Apartments in Euless, TX Gets $2,740,800

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,740,800 loan under the Fannie Mae DUS® product line for the 150-unit complex known as Villa Bella Apartments in Euless, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.91 percent.

The loan was originated by Anthony Tarter, (middle left photo) Director, in Arbor’s full-service Dallas, TX lending office.


Tangi Lake Townhomes in Hammond, LA Receives $6.3M

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,300,000 loan under the Fannie Mae DUS® product line for the 102-unit complex known as Tangi Lake Townhomes (bottom left photo) in Hammond, LA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.04 percent.

The loan was originated by Scott Waddington, (middle right photo) Vice President, in Arbor’s full-service Tampa Bay, FL lending office.

“Tangi Lakes Townhomes presented Arbor with a unique opportunity to refinance an assemblage of contiguous fourplex multifamily dwelling units featuring individual mortgages into a $6.3 million Fannie Mae DUS® debt execution,” said Waddington.

 “Arbor was able to mitigate the prevalent student tenant concentration at the subject property from nearby Southeastern Louisiana State University by employing Fannie Mae’s special risk underwriter parameters as a means to achieve the borrower’s requested loan objective.

"Additionally, we are greatly appreciative to Eustis Mortgage for presenting the finance opportunity and their continued support and confidence in Arbor’s ability to service their clients’ needs.”


Arbor Closes $27M Fannie Mae DUS® (Military Concentration) Loan for Westlake at Morganton Apartments in  Fayetteville, NC

 Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $27,000,000 loan under the Fannie Mae DUS® (Military Concentration) product line for the 327-unit complex known as Westlake at Morganton Apartments (bottom right photo) in Fayetteville, NC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.94 percent.

The loan was originated by John Edwards, Vice President, in Arbor’s full-service Boston, MA lending office. “This financing represents our commitment to long-term owner operators that understand the specific market dynamics, and we look forward to continuing our relationship with this client,” said Edwards. “Additionally, we appreciate the efforts of Carolina Mortgage Company in arranging this financing.”

 Contact: Kelly Maxey, Arbor Commercial Mortgage, 333 Earle Ovington Blvd, Ste. 900, Uniondale, NY 11553, 516.506.4602, kmaxey@arbor.com