Arbor Finances $67.5M in Multifamily Deals Across the Eastern U.S.

Alexander Kaushansky

UNIONDALE, NY  - 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 20 loans totaling $67,538,200 under a variety of product lines, including the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Military Loan and Arbor Realty Trust Bridge product lines.

All of the loans were originated by Alexander Kaushansky, Vice President in Arbor’s New York office.

“In today’s market, flexibility and customization are key components of each multifamily loan, as exemplified by this diverse assortment of loans closed across numerous markets within the eastern U.S.,” Kaushansky said.

“Borrowers who obtain not only the great financing terms they are seeking, but overall deal customization from the right lenders will position themselves and their properties in optimal financial positions.”

Frontier Apartments, Roanoke, VA

 These loans include:

·   Harbor Pines Apartments, Saint Marys, GA – This 200-unit multifamily property received $7,755,000 funded under the Fannie Mae DUS Military Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The complex includes a community room, swimming pool, two playgrounds, one tennis court, one play court, picnic tables and one basketball court.

·   Frontier Apartments, Roanoke, VA – This 182-unit multifamily property received $7,251,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The complex includes a swimming pool, a clubhouse, a laundry room in each building and courtyards.

Courtyard Apartments, Hyattsville, MD

·   Courtyard Park Apartments, Hyattsville, MD – This 94-unit multifamily property received $6,135,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. The residents have access to two laundry facilities, free storage area and dedicated bike storage area.

·   Multifamily Portfolio, Dallas, TX & Charlotte, NC – This 288-unit multifamily portfolio received $7,700,000 funded under the Arbor Realty Trust Bridge Loan product line. The one-year loan was for a refinance.

·   Anderson Springs, Austin, TX – This 325-unit multifamily property received $5,150,000 funded under the Fannie Mae DUS Loan product line. The seven-year, eight-month supplemental loan amortizes on a 30-year schedule. Property amenities include a swimming pool, laundry facilities, a tennis court, a business center, BBQ grills, a playground and access gates.

Multifamily Portfolio Apartments
Dallas TX and Charleston SC

·   Multifamily Property, Charlotte, NC – This 240-unit multifamily property received $4,160,000 funded under the Arbor Realty Trust Bridge Loan product line. The one-year loan was for a new acquisition.

·   Winterwood Apartments, Columbus, OH – This 134-unit multifamily property received $3,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The complex includes laundry facilities with coin-operated washers and dryers, a pool area with a sundeck and a clubhouse.

·   Beechwood Park Apartments, Vicksburg, MS – This 100-unit multifamily property received $2,307,200 funded under the Fannie Mae DUS Small Loan product line. The 15-year acquisition loan amortizes on a 15-year schedule. Residents have access to a swimming pool and multiple playgrounds.

·   Apartments at 45th and Eads, Washington, DC – This 40-unit multifamily property received $1,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Anderson Springs Apartments, Austin, TX

·   370 Central Avenue, Brooklyn, NY – This five-unit multifamily property received $825,000 funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.

·   18th Avenue Apartments, Newark, NJ – This nine-unit multifamily property received $750,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

·   Dauphine Apartments, Mobile, AL – This 168-unit multifamily property received $5,500,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property offers a swimming pool, a fitness center, a clubhouse, a laundry room and courtyards with picnic areas.

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

COstrowski@arbor.com