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| Briarwood Hills Apartments, North Haven, CT |
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| Stephen York |
UNIONDALE, NY (Jan.
8, 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 31 loans totaling $197,558,000
under a variety of financing programs, including the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae
DUS Small Loan, Fannie
Mae DUS Student Housing, Fannie
Mae DUS Supplemental, Fannie Mae
DUS Military Housing, Fannie Mae DUS
Multifamily Affordable Housing and Arbor Realty Trust Bridge
product lines.
All of the loans were originated by Stephen
York, Vice President in Arbor’s New
York City office.
“Arbor
strives to provide all of our clients with the loan product that is best for
them nationwide,” York said. “With such a diverse product line, we have
something that fits every borrower need, no matter the loan size or the
property location.”
The loans include:
·
Multifamily Property, New York, NY
– This 64-unit multifamily
property received $55,000,000 funded under the Arbor Realty Trust Bridge
Loan product
line. The three-year loan was for a new acquisition.
·
Briarwood Hills Apartments, North Haven CT – This 176-unit multifamily property
received $11,865,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
 |
| Multifamily Property, Montgomery, AL |
·
18 Niles Street & 70 Gillet Street, Hartford, CT – This 58-unit multifamily property received $1,560,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
·
Multifamily Property, Montgomery, AL
– This 392-unit multifamily
property received $10,800,000 funded under the Arbor Realty Trust Bridge
Loan product
line. The three-year loan was for a new acquisition.
·
Sunrise Point Apartments,
Birmingham, AL – This 344-unit
multifamily property received $7,919,400 funded under the Fannie Mae DUS ARM
7/6 Loan product line. The seven-year acquisition loan amortizes on a
30-year schedule.
 |
| Renaissance Apartments, Killeen, TX |
·
555 Shore Road Apartments, Somers Point, NJ – This 202-unit multifamily property received $9,459,300 funded under the Fannie Mae DUS Loan product
line. The 10-year refinance loan amortizes on a 30-year schedule.
·
University Place Apartments,
Huntsville, TX – This 305-unit multifamily property received $7,935,500 funded under the Fannie Mae DUS Student Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
·
LaSalle Villas Apartments, Lubbock, TX – This 166-unit multifamily property
received $7,500,000
funded under the Fannie Mae DUS Loan product line. The
10-year refinance loan amortizes on a 30-year schedule.
 |
| Townhomes at O'Neil Terrace, Lubbock, TX |
·
The Village at Loch Katrine, Houston, TX – This 276-unit multifamily property received $6,773,000
funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
· Diamond Place
Apartments, Sherman, TX – This
232-unit multifamily property received
$5,400,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
·
Villa Bonita Apartments, Dallas, TX
– This 232-unit multifamily property received
$4,132,000 funded under the Fannie Mae DUS Loan product line. The five-year acquisition loan amortizes
on a 30-year schedule.
· Timbercrest
Apartments, Palestine, TX – This
144-unit multifamily property received
$4,100,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes
on a 25-year
schedule.
 |
| Palatine Park Apartments, Palatine, IL |
· Renaissance
Apartments, Killeen, TX – This
133-unit multifamily property received
$3,516,000 funded under the Fannie Mae DUS Military Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
· Temple
Apartments, Temple, TX – This
153-unit multifamily property received
$3,330,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
· Santa Fe
Apartments, Huntsville, TX – This
138-unit multifamily property received
$3,300,000 funded under the Fannie Mae DUS Student
Housing Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
 |
| Hearthstone Apartments, Blacksburg, VA |
· Eagle Crest
Apartments, Bellmead, TX – This
149-unit multifamily property received
$3,200,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
· 9502
University Avenue Apartments, Lubbock, TX – This 54-unit multifamily
property received $2,640,700 funded under the Fannie Mae DUS Loan product
line. The 10-year acquisition loan amortizes on a 30-year schedule.
·
Oak Forest Apartments, Bryan, TX – This
72-unit multifamily property received
$1,800,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
· 2410 87th
Street Apartments, Lubbock, TX – This 31-unit multifamily property received
$1,390,800 funded under the Fannie Mae DUS Loan product line. The 10-year
acquisition loan amortizes on a 30-year schedule.
 |
| Thomasville Church Homes, Thomasville, NC |
· Townhomes
at O’Neil Terrace, Lubbock, TX – This
92-unit multifamily property received
$608,000 funded under the Fannie Mae DUS Supplemental Loan product line. The seven-year,
four-month loan amortizes
on a 30-year schedule.
·
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 a new
acquisition.
·
1720 Cleveland Street Apartments, Hollywood, FL – This 48-unit multifamily 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.
· 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 amortizes on a 30-year schedule.
 |
| University Place Apartments, Huntsville, TX |
·
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.
·
Westwood Apartments, Kansas City, KS
– This 168-unit multifamily property received
$4,532,000 funded under the Fannie Mae DUS Loan product line. The 20-year acquisition loan amortizes
on a 30-year schedule.
· Palatine
Park Apartments, Palatine, IL – This
62-unit multifamily property received
$4,000,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
· 6100 North
Paulina Apartments, Chicago, IL – This 23-unit multifamily property
received $1,421,000 funded under the Fannie Mae DUS Small Loan product
line. The 10-year acquisition amortizes on a 30-year schedule.
 |
| 6100 North Paulina Apartments, Chicago, IL |
· Multifamily
Property, Evansville, IN – This
42-unit multifamily property received
$3,900,000 funded under the Arbor
Realty Trust Bridge Loan product line. The two-year
loan was used for a refinancing.
· Keystone
Landing Apartments, Memphis, TN – This 150-unit multifamily property received
$3,500,000 funded under the Fannie Mae DUS Affordable
Housing Loan product line. The seven-year acquisition loan amortizes
on a 30-year schedule.
· Hearthstone
Apartments, Blacksburg, VA – This
58-unit multifamily property received
$3,410,000 funded under the Fannie Mae DUS Student
Housing Loan product line. The 10-year refinance loan amortizes
on a 30-year schedule.
· Colonial
Point Apartments, Gloucester, VA – This
56-unit multifamily property received
$2,700,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
 |
| Eagle Crest Apartments, Oklahoma City, OK |
· Eagle Crest
Apartments, Oklahoma City, OK – This
72-unit multifamily property received
$1,950,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
·
The Deerfield Village Townhomes, Sikeston, MO – This 48-unit multifamily property received
$2,762,800 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a
30-year
schedule.
·
Thomasville Church Homes, Thomasville, NC – This 100-unit multifamily property received
$1,825,000 funded under the Fannie Mae DUS Multifamily Affordable Housing Loan product line. The 10-year refinance loan amortizes on a
30-year
schedule.
· Ashebury
Villas, Asheville, NC – This 27-unit multifamily property received $1,425,000
funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule.
·
Ashebury Villas II, Arden, NC – This 10-unit multifamily property
received $662,500 funded under the Fannie Mae DUS Small Loan product
line. The 10-year refinance loan amortizes on a 30-year schedule.
·
221-223 Hoover Street Apartments, Old Forge, PA – This 32-unit multifamily property received
$1,800,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
acquisition loan amortizes on a
30-year
schedule.
· Bancroft
Court, Baltimore, MD – This
22-unit multifamily property received
$1,400,000 funded under the Fannie Mae DUS Small Loan product line. The seven-year
acquisition loan amortizes on a
30-year
schedule.
For
a complete copy of the company’s news release, please contact:
