Arbor Closes $12 M in Fannie Mae Loans in Texas, California, Minnesota and Montana

Regency Apartments  in  Paris, TX Receives $2.3M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,300,000 loan under the Fannie Mae DUS® Small Loan product line for the 100-unit complex known as Regency Apartments in Paris, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.12 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 the purchase of this property in Paris, TX,” Porterfield said. “While the property is in a smaller market, it has a solid history of stabilized operations.”

Villa Sienna Apartments in Fresno, CA Gets $4.95M

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,953,700 loan under the Fannie Mae DUS® Loan product line for the complex known as Villa Siena Apartments (lower left photo) in Fresno, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.00 percent.

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor refinanced this recently stabilized property in Fresno, CA with a very experienced, local borrower,” Porterfield said. “The collateral is Class A, front-of-the-brochure quality property.”

Bench Apartments in Billings, MT Receives $2.6 M

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,608,465 loan under the Fannie Mae DUS® Small Loan product line for the property known as Bench Apartments in Billings, MT.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.93 percent.

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor refinanced this new, recently stabilized property in Billings, MT with a repeat borrower,” Porterfield said. “We look forward to continuing to grow our financial partnership with this client.”


Centennial Plaza in  Blaine, MN Gets $2.1M

UNIONDALE, NY) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,100,000 loan under the Fannie Mae DUS® Small Loan product line for the 48-unit complex known as Centennial Plaza in Blaine, MN.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.85 percent.

The loan was originated by Michael Jehle, (bottom right photo)  Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office. “The borrowers of the subject property wanted to pay off their short-term bank line with a long-term fixed rate mortgage less than six percent,” said Jehle. “We accomplished both objectives for them.”

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