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| Ryan Duff |
UNIONDALE, NY (Feb. 12, 2015) - Arbor Commercial Mortgage,
LLC (“Arbor”), a national, direct commercial real estate lender, announced the
recent funding of nine loans totaling $29,818,600 across the nation under the
Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, FHA 223(f) Loan,
Fannie Mae DUS Affordable Housing product lines.
All of the loans, which stretch from Alaska to
Massachusetts, were originated by Ryan Duff, Sales Originator in Arbor’s
Boston, MA, office.
“As a national direct lender, Arbor has a wide-range of
market knowledge throughout the nation, including such diverse markets as
Texas, Ohio, South Carolina and even Alaska,” Duff said.
“As demonstrated by
this collection of loans, Arbor is providing the personal service and expertise
needed for investors to take advantage of today’s strong multifamily market
conditions.”
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| Ashley Village Apartments, North Charleston, SC |
· Ashley
Village, North Charleston, SC – This 266-unit multifamily property received
$8,261,400 funded under the Fannie Mae DUS Loan product line. The seven-year
acquisition loan amortizes on a 30-year schedule. Property amenities include a
clubhouse/leasing office, a swimming pool, a fitness center, a playground and a
laundry facility.
· La
Hacienda Apartments, Dallas, TX – This 200-unit multifamily property
received $4,500,000 funded under the Fannie Mae DUS Loan product line. The
seven-year refinance loan amortizes on a 30-year schedule.
· Casa
Feliz Apartments, Dallas, TX – This 161-unit multifamily property received
$3,900,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule.
 |
| Casa Feliz Apartments, Dallas, TX |
· Shady
Oaks Apartments, Mount Pleasant, TX – This 74-unit multifamily property
received $1,900,000 funded under the Fannie Mae DUS Loan product line. The
10-year acquisition loan amortizes on a 30-year schedule. Each apartment unit
features a refrigerator, a freezer, an electric stove, an oven and a
dishwasher.
· Olive
Tree Apartments, Livingston, CA – This 86-unit multifamily property
received $3,200,000 funded under the Fannie Mae DUS Loan product line. The
seven-year acquisition loan amortizes on a 30-year schedule. Common amenities
at the property include a swimming pool, a picnic area, a playground and an
on-site laundry room.
· Northgate
Apartments, Zanesville, OH – This 86-unit multifamily property received
$2,470,000 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 leasing office, a central laundry facility, a community room, a playground
and property storage areas.
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| Northgate Apartments, Zanesville, OH |
· Parkway
Arms Apartments, Lakewood, OH – This 42-unit multifamily property received
$750,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The property includes air
conditioners, frost-free refrigerators and stainless steel appliances.
· Adams
Court Apartments, Mattapan, MA – This 50-unit multifamily property received
$2,436,000 funded under the FHA 223(f) Loan product line. The 35-year refinance
loan amortizes on a 35-year schedule. The property amenities include common
laundry facilities in each of the buildings, off-street parking and balconies
for most non-ground level apartments.
· Southside
Seniors Apartments, Anchorage, AK – This 48-unit multifamily property
received $1,650,000 funded under the Fannie Mae DUS Multifamily Affordable
Housing product line. The 15-year refinance loan amortizes on a 30-year
schedule. Unit amenities include a refrigerator, a stove, a microwave, a
dishwasher and a washer/dryer.
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| Adams Court Apartments, Mattapan, MA |
· Waverly
Gardens Apartments, Oklahoma City, OK – This 24-unit multifamily property
received $751,200 funded under the Fannie Mae DUS Small Loan product line. The
seven-year refinance loan amortizes on a 30-year schedule. The apartments feature
walk-in closets, patios or balconies and hookups for full size laundry
equipment.
For a complete copy of the company’s news release, please
contact:
Christopher Ostrowski