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| The Brittany Apartments, Fort Myers, FL |
UNIONDALE, NY (May
22, 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 16 loans totaling $57,050,000
under the Fannie
Mae Delegated Underwriting & Servicing (DUS®) Loan,
Fannie Mae
DUS Small Loan, Fannie Mae DUS Military, Fannie
Mae DUS Affordable Housing and Arbor
Realty Trust Bridge product
lines.
The loans
include:
·
The Brittany Apartments, Fort Myers, FL – This 320-unit multifamily property received $12,600,000
funded under the Fannie Mae DUS Affordable Housing Loan product line.
The 10-year acquisition loan amortizes on a 30-year schedule. Amenities include a
clubhouse/leasing office, a community pool with spa and covered patio, a
fitness center, a business center, a children’s learning center, basketball
courts, two playgrounds and a laundry facility.
The loan was originated by Stephen York, Vice President.
 |
| Fort Myers Portfolio, Fort Myers, FL |
·
Multifamily Property, Tampa, FL – This 300-unit multifamily
property received $9,225,000
funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for an acquisition.
·
Multifamily Property, Margate, FL – This 188-unit multifamily
property received $7,750,000
funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for an acquisition.
·
Fort Myers Portfolio (Palm Villas, Parkside Villas, Woodside
Villas), Fort Myers, FL – This 188-unit multifamily property portfolio received $5,420,000
funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Palm Villas includes an onsite laundry
room and resident swimming pool. Parkside Villas and Woodside Villas each
provide an onsite laundry room for residents. The loan was originated by
Alexander Kaushansky, Vice President.
 |
| Stephen York |
·
Multifamily Property, Gainesville, FL – This 172-unit multifamily
property received $4,550,000
funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for an acquisition.
The loan was originated by Stephen York,
Vice President.
·
Multifamily Property, Pompano Beach, FL – This 104-unit multifamily
property received $3,500,000
funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a refinance.
·
1720 Cleveland Street, Hollywood, FL – This
48-unit property received $2,080,000 funded under the Fannie Mae DUS
Small Loan product line. The 10-year refinance loan amortizes on a 30-year
schedule. The property has a private landscaped courtyard, common laundry
facility and a swimming pool. The loan was
originated by Stephen York, Vice President.
·
Gardens at Stirling Apartments, Davie, FL – This 30-unit multifamily property received
$1,980,000 funded under the Fannie Mae DUS Loan product line. The 12-year refinance loan amortizes
on a 30-year schedule. Each unit includes a washer/dryer,
garbage disposal and back patio. The loan was originated by Stephen York, Vice
President.
 |
| 1720 Cleveland Street Apartments, Hollywood, FL |
· Sunshine
Garden Apartments, Pembroke Pines, FL – This 34-unit multifamily property received $1,960,000 funded under
the Fannie Mae DUS Small Loan product line.
The 10-year acquisition loan amortizes
on a 30-year schedule. Residents have access to
laundry facilities and a swimming pool. The loan was originated by Alexander
Kaushansky, Vice President.
·
Townview Apartments, Zephyrhills, FL
– This 46-unit multifamily property received
$1,760,000 funded under the Fannie Mae DUS Small Loan product line. The five-year
refinance loan amortizes on a
30-year
schedule.
Residents have access to laundry facilities in each of the four buildings in
the complex as well as a swimming pool. The loan was originated by Ronen
Abergel, Vice President.
 |
| Gardens at Stirling Apartments, Davie, FL |
·
Keystone Palms Apartments, Tampa, FL
– This 63-unit multifamily property received
$1,700,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
Residents have access to community laundry facilities. The loan was originated
by Matt Norman, Vice President.
·
Lillian Square Apartments, Pensacola, FL – This 99-unit multifamily property
received $1,650,000 funded under the Fannie Mae DUS Military Loan product line.
The 10-year
refinance loan amortizes on a
30-year
schedule.
Residents have access to a community swimming pool. The loan was originated by
Ronen Abergel, Vice President.
 |
| Alexander Kaushansky |
·
9th Avenue Apartments, Pensacola, FL – This 66-unit multifamily property received $1,445,000 funded under the Fannie
Mae DUS Military Loan product line. The 10-year refinance loan amortizes
on a 30-year schedule. The property has a common laundry
facility for all residents. The loan was originated by Ronen Abergel, Vice
President.
·
Winter Garden Apartments, Winter Garden, FL – This 64-unit multifamily property
received $1,430,000 funded under the Fannie Mae DUS Small Loan product line.
The 30-year
refinance loan amortizes on a
30-year
schedule.
The property features a central laundry facility as well as a community pool. The loan was originated by Stephen York, Vice President.
For a complete copy of the company’s news release, please
contact:
Christopher Ostrowski
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