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| Matt Norman |
UNIONDALE, NY (May 1, 2014) - Arbor Commercial Funding, LLC
(“Arbor”), a wholly- owned subsidiary of Arbor Commercial Mortgage, LLC, and a
national, direct commercial real estate lender, announced the recent funding of
24 loans totaling $123,227,400 under Arbor’s Fannie Mae Delegated Underwriting
& Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS
Affordable Housing, Fannie Mae DUS ARM 7-6™, Arbor CMBS and Arbor Realty Trust
Bridge product lines.
All of the loans were originated by Matt Norman, Vice
President in Arbor’s Dallas, TX, office.
“As there are strong
multifamily investment opportunities across the country, Arbor prides itself in
providing local market expertise to its clients wherever their business takes
them, as evidenced by this latest group of loans,” Norman said.
“Equally important
to offering geographic diversity is product diversity and these transactions
required an expansive product approach that ranged from fixed- to
adjustable-rate financing to affordable housing, bridge, CMBS and small
loans.”
· Selma
Alabama Portfolio, Selma, AL – This 172-unit multifamily portfolio received
$4,590,000 funded under the Fannie Mae DUS Loan product line. The loan was a
rate and term refinance that helped free up a construction line used for the
original property acquisition and renovation.
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| Selma, AL Portfolio, Selma, AL |
· Sutton
Bridge Apartments, Rainbow City, AL – This 108-unit multifamily property
received $3,400,000 funded under the Fannie Mae DUS Loan product line. The
seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate
and term refinance that helped free up a construction line used for the
original property acquisition and renovation.
· Woodland
Square Apartments, Mobile, AL – This 128-unit multifamily property received
$3,290,000 funded under the Fannie Mae DUS Loan product line. The seven-year
refinance loan amortizes on a 30-year schedule. The loan was a rate and term
refinance that helped free up a construction line used for the original
property acquisition and renovation.
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| Sutton Bridge Apartments, Rainbow City, AL |
· Multifamily
Property, Ohio – This 416-unit multifamily property received $11,900,000
funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line.
The seven-year refinance loan amortizes on a 30-year schedule. Arbor’s loan provided equity recapture for
the client, providing funding for future acquisitions.
· Multifamily
Property, Ohio – This 176-unit multifamily property received $2,768,000
funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line.
The seven-year acquisition loan amortizes on a 30-year schedule. Arbor’s loan
provided equity recapture for the client, providing funding for future
acquisitions.
For a complete copy of the company’s news release, please
contact:
Christopher Ostrowski
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