Arbor Closes Five Fannie Mae Loans Totaling $24.6M from Midwest to Southwest

Uniondale, NY (June 30, 2011) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, announced today the recent funding of five loans totaling $24,590,500.

 The loans were funded under the Fannie Mae DUS® Loan, Fannie Mae DUS® Small Loan, Fannie Mae DUS® Coterminous Supplemental Loan (2nd Lien) and Fannie Mae DUS® Multifamily Affordable Housing (MAH) Loan product lines from the Midwest to Southwest.

 Pine Meadows Townhomes, Shawnee, KS (top left photo) – This 102-unit complex received $10,900,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Greens at Alvamar, Lawrence, KS (top right photo) –This 152-unit complex received $7,312,500 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

North Oak Apartments, Irving, TX (middle left photo) – This 132-unit complex received $3,419,000 funded under the Fannie Mae DUS® Multifamily Affordable Housing (MAH) product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Hacienda by the Sea, San Clemente, CA (middle right photo) – This 21-unit complex received $1,959,000 funded under the Fannie Mae Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Carlisle on the Creek, Dallas, TX – This 176-unit complex received $1,000,000 funded under the Fannie Mae DUS® Coterminous Supplemental Loan (2nd Lien) product line. The five-year, nine-month refinance loan amortizes on a 30-year schedule.

 Each of these loans was originated by Anthony Tarter (lower left photo), Director in Arbor’s full-service Plano, TX, office.

 “This group of deals shows Arbor’s increasingly diverse and flexible financing capabilities from a loan product and size perspective as well as a geographic standpoint.

“Wherever our clients’ investments takes them and whatever financing services they need, Arbor prides itself as always being there as not only a top multifamily lender, but a long-term partner,” Tarter said.

 “In the case of these particular refinance deals, our clients took advantage of the continual historically low interest rate environment, which is sure to entice many multifamily owners moving forward.”

Contact:  Christopher Ostrowski, costrowski@arbor.com

These loans include: