Arbor Funds $185M in Multifamily Deals in Texas and Other Markets

Anthony Tartar

UNIONDALE, NY (April 22, 2015) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 19 loans totaling $184,801,400 across Texas, Minnesota, Virginia and Florida under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS® ARM 7-6™ and Fannie Mae DUS® Small Loan programs.

Anthony Tarter, Vice President in Arbor’s Dallas, TX, office, originated all of the loans. 

“As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong multifamily market conditions,” Tarter said.

“Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including such thriving multifamily markets as Texas, Minnesota, Virginia and Florida.”

·         Elmhurst Village, Oviedo, FL – This 313-unit multifamily property received $34,690,400 funded under the Fannie Mae DUS Loan product line. The 12-year acquisition loan amortizes on a 30-year schedule. Project amenities include a clubhouse/leasing office with a summer kitchen, a fitness center, a business center, a billiard room, a conference room, a picnic/BBQ area, a pool, a spa, a playground, a car care center and a gated entryway.

Elmhurst Village, Oviedo, FL

·         Kilburn Crossing, Fredericksburg, VA – This 220-unit multifamily property received $28,016,000 funded under the Fannie Mae DUS Loan product line. 

The 12-year acquisition loan amortizes on a 30-year schedule. 

Amenities include a clubhouse, a swimming pool with a waterfall and spa, barbeque areas, a business center, a tennis court, four covered pavilions, a dog park, a paved walking trail, a car wash area, a soccer field, volleyball and basketball courts, a fitness center and two playgrounds.

·         Carlisle on the Katy Trail Apartments, Dallas, TX – This 176-unit multifamily property received $12,510,500 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. Property amenities include two community swimming pools, three laundry facilities and a workout facility.

Kilburn Crossing, Fredericksburg, VA

·         Sun Park Apartments, San Antonio, TX – This 334-unit multifamily property received $12,338,000 funded under the Fannie Mae DUS ARM Loan product line. 

The seven-year acquisition loan amortizes on a 30-year schedule. 

Project amenities include a swimming pool, a fitness room, a small playground, a tennis court, a volleyball court and a basketball court.

·         St. Croix Apartments, Dallas, TX – This 228-unit multifamily property received $12,270,000 funded under the Fannie Mae DUS 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

costrowski@arbor.com