Wednesday, March 18, 2015

Arbor Funds $180.7M in Multifamily Deals Across Texas and Other Markets


Brian Scharf
UNIONDALE, NY (March 18, 2015) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 13 loans totaling $180,653,600 across Texas, Missouri, South Carolina, North Carolina, Virginia and Washington under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, FHA Multifamily, CMBS and Arbor Realty Trust Mezzanine and Bridge product lines.

All of the loans were originated by Brian Scharf, Vice President in Arbor’s Uniondale, NY, office.

“As a national direct lender, Arbor has the nationwide expertise required to meet borrower demands no matter where they do business, including in such thriving markets as Texas, South Carolina and Missouri,” Scharf said.





Lakepointe at Las Colinas, Irving, TX
“As demonstrated by this collection of loans, Arbor is providing the personal service needed for investors to take advantage of today’s strong multifamily market conditions.”

·         Lakepointe at Las Colinas, Irving, TX – This 256-unit multifamily property received $33,637,500 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Property amenities include a swimming pool, a clubhouse with a billiards table, a fitness center, a business center, a leasable clubroom, a conference room and valet trash service.

·         Gateway at Plano, Plano, TX – This 254-unit multifamily property received $31,290,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a swimming pool with a cabana, a grilling area and an outdoor fireplace as well as a clubhouse with a fitness center, a business center and a media room.
  
Gateway at Plano, Plano, TX
·         Multifamily Property, Richardson, TX – This 88-unit multifamily property received $6,150,000 funded under the Arbor Realty Trust Bridge Loan product line. It is a three-year acquisition loan. 

·         Wyndham on the Creek Apartments, Dallas, TX – This 151-unit multifamily property received $5,120,000 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 and clubhouse. 

·         Las Palmas I Apartments, Houston, TX – This 182-unit multifamily property received $4,800,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a clubhouse, laundry rooms and a swimming pool.

Wyndham on the Creek Apartments,
 Dallas, TX
·         The Oaks, Balch Springs, TX – This 147-unit multifamily property received $4,642,200 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 laundry facility, a playground and a picnic area.

·         Multifamily Property, Carrollton, TX – This 304-unit multifamily property received $4,200,000 funded under the Arbor Realty Trust Mezzanine Loan product line. It is a three-year acquisition loan. 

·         Westwind Apartments, Fort Worth, TX – This 140-unit multifamily property received $4,100,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property amenities include a business center, an in-ground swimming pool and a central laundry facility.

Las Palmas I Apartments, Houston, TX
·         Woodvine Apartments, Houston, TX – This 102-unit multifamily property received $3,531,900 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property offers a playground, a picnic area, a laundry room and barbeque grills. 

·         Spring Hollow Apartments, Dallas, TX – This 82-unit multifamily property received $2,000,000 funded under the Fannie Mae Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a leasing office, a central laundry facility, a park with picnic tables and a charcoal grill.

·         Park Plaza Apartments, Austin, TX – This 62-unit multifamily property received $1,900,000 funded under the FHA 221(d)(4) product line. The 10-year refinance loan amortizes on a 30-year schedule. Project amenities include a centralized laundry facility, a playground and a pool.

The Oaks at Balch Springs, TX
·         Calloway Place Apartments, Fort Worth, TX - This 62-unit multifamily property received $1,320,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property includes a swimming pool and central laundry.

·         The Apartments at Shade Tree, Johns Island, SC - This multifamily property received $21,182,000 funded under the Fannie Mae DUS Loan product line. The construction loan amortizes on a 40-year schedule.

·         Multifamily Property, Raleigh, NC - This 178-unit multifamily property received $10,000,000 funded under the Arbor Realty Trust Bridge Loan product line. It is a three-year acquisition loan.

Westwind Apartments, Fort Worth, TX
·         Multifamily Property, Raleigh, NC – This 67-unit multifamily property received $2,480,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan refinances the property. 

  
·         Industrial/Office Property, Newport News, VA - This 379,706-unit industrial/office property received $21,000,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         West End Terrace Apartments, St. Louis, MO - This 195-unit multifamily property received $20,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Woodvine Apartments, Houston, TX
·         Multifamily Property, Seattle, WA - This 24-unit multifamily and four-unit mixed-use property received $3,300,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

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

Christopher Ostrowski

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