Arbor Closes 3 Fannie Mae Loans Totaling $27.55M

1922 McGraw Avenue Cooperative in Bronx, NY Gets $1.85M

UNIONDALE, NY- - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,850,000 loan under the Fannie Mae DUS® Cooperative product line for the 53-unit complex known as 1922 McGraw Avenue Cooperative in Bronx, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05 percent.

The loan was originated by Edward Petti, (top right photo)  Director, in Arbor’s full-service New York, NY lending office. “We were pleased to successfully deliver a 10-year interest-only loan in accordance with the borrower’s wishes.”

Seminole Apartments in Baltimore, MD Receives $3.9M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,900,000 loan under the Fannie Mae DUS® Multifamily Affordable Housing (MAH) product line for the 84-unit complex known as Seminole Apartments in Baltimore, MD.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.21 percent.

The loan was originated by Stephen York, (bottom left photo) Director, in Arbor’s full-service New York, NY lending office.

“The Sponsors purchased this property in distress and after rehabbing the majority of units were able to bring the occupancy up to 100% within a six-month period,” said York. “By the time Arbor closed the loan, the property had been 100% occupied for 12 consecutive months, which is a testament to the Sponsor’s management capabilities.

" This was our third transaction with the Sponsors, which demonstrates the importance Arbor places on financing repeat clients. Our clients were very pleased with the final loan terms and we look forward to growing our financial partnership with them.”

Hilltop Portfolio IN New York City Obtains $21,810,800

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $21,810,800 loan under the Fannie Mae DUS® Loan product line for the 317-unit complex spread over eight buildings and 23,710 square feet in New York, NY and is known as Hilltop Portfolio.

The 6.5-year loan amortizes on a 30-year schedule and carries a note rate of 5.41 percent.

The loan was originated by Edward Petti, Director, in Arbor’s full-service New York, NY lending office. “The borrower had 90 days to pay off the loans on these properties and the borrowing entity structure was very complicated,” said Petti. “There were many moving parts and a great cooperative effort between Arbor and Fannie Mae, with us ultimately closing on the 90th day.”

 
Contact:  Ingrid Principe, iprincipe@arbor.com

Arbor Closes $1.25M Fannie Mae DUS® Small Loan for Willow Brook Avenue in Los Angeles, CA

UNIONDALE, , NY (Feb.  24, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,250,000 loan under the Fannie Mae DUS® Small Loan product line to for the18-unit property known as Willow Brook Avenue in Los Angeles, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.43 percent.

The loan was originated by Stephen York, (top right photo)  Director, in Arbor’s full-service New York, NY lending office.

 “The sponsors were able to purchase this property at a steep discount, enabling us to refinance their existing debt and provide them with cash out within five months of their purchase,” said York. “This deal highlights Arbor’s unique ability to offer aggressive financing terms in an overall difficult lending environment, which definitely pleased our client.”

Contact: Kelly Maxey, Arbor Commercial Mortgage, 333 Earle Ovington Blvd, Ste. 900, Uniondale, NY 11553, PH 516.506.4602, kmaxey@arbor.com

Alexander Biagoli Appointed Director in Arbor’s New York, NY Office

Uniondale, NY (February 23, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced today the appointment of Alexander Biagoli (top right photo) to Director in Arbor’s New York, NY office.

Mr. Biagoli is responsible for originating loans nationwide using Arbor’s complete product portfolio, with a specialty in Fannie Mae DUS® and FHA transactions. He reports to Ken Fazio, (bottom left photo)  Vice President, National Sales Manager.

Prior to joining Arbor, Mr. Biagioli held the position of Senior Vice President of Commercial Real Estate Finance at Countrywide Securities, where he helped establish and manage a New York City office of over 30 professionals engaged in the origination and closing of commercial mortgage loans.

Mr. Biagioli also held the position of Vice President of Structured Finance at Citigroup-Salomon Smith Barney where he originated, underwrote and closed interim bridge and mezzanine loans.

Mr. Biagioli received a Master of Business Administration in Finance from the New York University’s Leonard N. Stern School of Business and a Bachelor of Architecture from Carnegie-Mellon University. He is a Registered Architect and member of the Mortgage Bankers Association. He resides Allendale, NJ.

Contact:  Ingrid Principe, Marketing, Arbor Commercial Mortgage, 333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes $11.2M Fannie Mae DUS® Loan for Blackwolf Run in Raleigh, NC

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $11,200,000 loan under the Fannie Mae DUS® product line for the 168-unit complex known as Blackwolf Run in Raleigh, NC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.

The loan was originated by Alexander Kaushansky, (top right photo)  Director, in Arbor’s full-service New York, NY lending office.

“Due to the borrower’s prepayment penalty on the original loan, the borrower requested an early rate lock,” said Kaushansky. “Our capital markets team was able to lock the loan 60 days in advance, allowing the borrower to meet his timeline and also take advantage of the low interest rate environment.”

Contact:  Ingrid Principe, Marketing, Arbor Commercial Mortgage, 333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes 2 Fannie Mae Loans Totaling Almost $12M in Kansas City, MO and Acton, MA

Spring Hill Commons in Acton, MA Receives $7M


Uniondale, NY (Nov.12, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $7,096,000 loan under the Fannie Mae DUS® Loan product line for the 105-unit complex known as Spring Hill Commons in Acton, MA.


The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.71 percent.

The loan was originated by John Kelly, (top left photo) Vice President, in Arbor’s full-service Boston, MA lending office. “Arbor was pleased to provide this acquisition financing,” said Kelly. “In a difficult debt market, we were able to provide over 80% financing on the purchase price and also include additional funds for the new ownership to increase the asset’s quality via their capital improvement strategy.



Sterling Court Apartments in Kansas City, MO Gets $4.9M


Uniondale, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,900,000 loan under the Fannie Mae DUS® Loan product line for the 217-unit complex known as Sterling Court Apartments in Kansas City, MO.

The 10-year loan amortizes on a 26-year schedule and carries a note rate of 5.90 percent.

The loan was originated by Ronen Abergel, (bottom right photo) Director, in Arbor’s full-service New York, NY lending office. “This deal consisted of a refinance for a CMBS loan that was replaced with a 10-year fixed-rate Fannie Mae loan,” said Abergel. “The borrower was very pleased with the terms of the deal.”


Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes $2.4M Fannie Mae DUS® Small Loan for Villa Shatto in Los Angeles, CA

 
Uniondale, NY (Nov.  9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,400,000 loan under the Fannie Mae DUS® Small Loan product line for the 52-unit complex known as Villa Shatto in Los Angeles, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.08 percent.

The loan was originated by Ronen Abergel, (top right photo)  Director, in Arbor’s full-service New York, NY lending office. “This deal represents the borrower’s second transaction with Arbor and we look forward to conducting more business together in the future,” said Abergel.

Arbor Commercial Mortgage Appoints Alan Steinmetz to Associate General Counsel

Uniondale, NY (Nov. r 10, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, today announced the appointment of Alan Steinmetz to Associate General Counsel. Mr. Steinmetz is based out of the Uniondale office and reports to Peter Reisert,  (bottom left photo) SVP, Capital Markets.

As Associate General Counsel, Mr. Steinmetz directs the legal process pertaining to all Fannie Mae and FHA loan activity, manages the Closing department and is responsible for coordinating the relationships among borrowers, counsel, investors and guarantors.

Mr. Steinmetz has over 20 years of experience in real estate lending and finance; acquisitions, ownership and disposition; and workouts and restructures. He has successfully closed several billion dollars of loans covering a full array of transaction types, including conventional financings, refinancings and assumptions, taxable and tax-exempt bonds, 1031 tax-free exchanges, forward commitments and conversions.

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, iprincipe@arbor.com,
 http://www.arbor.com/ Follow us on Twitter @ arbor1

Arbor Closes $18M Fannie Mae DUS ® Loan for Saucon View Apartments in Bethlehem, PA

UNIONDALE, NY (Oct.r 16, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $18,000,000 loan under the Fannie Mae DUS® Loan product line for the 198-unit complex known as Saucon View Apartments in Bethlehem, PA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.06 percent.

The loan was originated by Edward Petti, (top left  photo) Director, in Arbor’s full-service New York, NY lending office. “The borrower was looking for a quick closing and a smooth due diligence process,” said Petti. “Arbor delivered on that request, closing in 50 days.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes $1,875,000 Fannie Mae DUS ® Small Loan for Mayflower Apartments in Lynn, MA

Uniondale, NY (Sept,  24, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,875,000 loan under the Fannie Mae DUS® Small Loan product line for the 48-unit complex known as Mayflower Apartments in Lynn, MA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.18 percent.

The loan was originated by Edward Petti,  (top right photo) Director, in Arbor’s full-service New York, NY lending office. “The client had a 1031 exchange that needed to be completed in 30 days,” said Petti. “Arbor committed and structured a closing that helped the borrower meet the requirements of the 1031 exchange and close in the necessary time frame.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1

Arbor Closes $825,000 Fannie Mae DUS® Small Loan for Brownlee Villas Apartments in Atlanta, GA

Uniondale, NY (September 10, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $825,000 loan under the Fannie Mae DUS® Loan product line for the 34-unit complex known as Brownlee Villas Apartments in Atlanta, GA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.90 percent.

The loan was originated by Alexander Kaushansky, (top left photo) Director, in Arbor’s full-service New York, NY office. “Arbor was pleased to deliver for this client in this challenging market,” said Kaushansky.

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
Follow us on Twitter @ arbor1

Arbor Closes $18.1M Fannie Mae DUS® Loan for 2025 Seward Apts. in Bronx, NY

Uniondale, NY (Sept.  9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $18,100,000 loan under the Fannie Mae DUS® Loan product line for the 154-unit apartment complex known as 2025 Seward in Bronx, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.90 percent.

 

The loan was originated by Alexander Kaushansky (top right photo) , Director in Arbor’s full-service office in New York, NY office “The borrower received competitive terms through Arbor’s Fannie Mae DUS® program,” said Kaushansky. “We were able to deliver on all of the client’s requests and look forward to continuing this partnership for future transactions.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
Follow us on Twitter @ arbor1

Arbor Closes $1M Fannie Mae DUS® Loan for Bornt Hill Apartments in Endicott, NY

Uniondale, NY (Aug. 12, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,000,000 loan under the Fannie Mae DUS® Loan product line for the 30-unit property known as the Bornt Hill Apartments (top left photo) in Endicott, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.98 percent.

The loan was originated by Stephen York, (bottom right photo) Director, in Arbor’s full-service New York, NY lending office.

“The sponsor’s goals included locking in a low, long-term fixed-rate loan and use some of the proceeds toward another multifamily purchase,” said York.

“Arbor was pleased to help him reach this goal on our second transaction together and look forward to future opportunities.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
Follow us on Twitter @ arbor1

Arbor Closes $1.87M Fannie Mae DUS® Small Loan for Purdue Apartments in Baltimore, MD

Uniondale, NY (August 10, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,870,000 loan under the Fannie Mae DUS® Loan product line for the 42-unit property known as the Purdue Apartments (bottom left photo) in Baltimore, MD.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.55 percent.

The loan was originated by Stephen York, (top right photo) Director, in Arbor’s full-service New York, NY lending office.

“The sponsors purchased this property in distress and significantly improved its operations over the course of 15 months,” said York.

“When the property was ready for permanent financing, Arbor was pleased to deliver competitive terms, which included sizable cash out.”

Contact:

Ingrid Principe, Marketing, Arbor Commercial Mortgage,
333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553
P: 516.506.4298. F: 516.542.2555
http://www.arbor.com/
Follow us on Twitter @ arbor1

Arbor Closes $1,815,000 Fannie Mae DUS ® Small Loan for Belvedere Gardens in Baltimore, MD

Uniondale, NY (August 3, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,815,000 loan under the Fannie Mae DUS® Small Loan product line for the 54-unit complex known as Belvedere Gardens in Baltimore, MD.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.83 percent.

The loan was originated by Edward Petti, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “We are seeing acquisition activity picking up in the marketplace,” said Petti. “Arbor understands fully the demands of a client in an acquisition situation; in this case, it was particularly critical to be there for the client and make accommodations to facilitate this closing.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
Follow us on Twitter @ arbor1

Arbor Closes $2,025,000 Fannie Mae DUS® Small Loan for Riverhills Apartments in Grenaga, MS

UNIONDALE, NY (July 9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,025,000 loan under the Fannie Mae DUS® Small Loan product line for the 96-unit property known as Riverhills Apartments in Grenaga, MS.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.94 percent.

The loan was originated by Stephen York, (top right photo) Director, in Arbor’s full-service New York, NY lending office.

“The borrower’s original lender closed its doors midway through the processing of this loan,” said York. “Fortunately, Arbor was able to fund the loan in less than 40 days to accommodate the borrower’s 1031 exchange cutoff date and the purchase contract closing deadline.

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/

Arbor Closes $2,430,400 Fannie Mae DUS® Small Loan for 81 Olive Street in Brooklyn, NY

UNIONDALE, NY (May 8, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,430,400 loan under the Fannie Mae DUS® Small Loan product line for the 9-unit property known as 81 Olive Street in Brooklyn, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05 percent.

The loan was originated by Stephen York, (top right photo) Director, in Arbor’s full-service New York, NY lending office.

“The borrower’s existing loan was approaching maturity and came to Arbor looking for long-term fixed-rate financing,” said York. “We were pleased to deliver competitive terms, which included sizeable cash out.”

(Brooklyn Bay Bridge, bottom left photo)

CONTACT: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/

Arbor Closes $807,100 Fannie Mae DUS® Small Loan ARM for Pine Forest Apartments in Pine Lake, GA

UNIONDALE, NY -- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $807,100 loan under the Fannie Mae DUS® Small Loan ARM product line for the 24-unit complex known as Pine Forest Apartments in Pine Lake, GA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 4.95 percent.

The loan was originated by Patrick McGovern, (bottom right photo) Director, Corporate Accounts, in Arbor’s full-service New York, NY lending office.

“Utilizing Fannie Mae’s Capped ARM program, Arbor was able to provide the borrower with floating rate debt,” said McGovern. “This gave the client the ability to prepay the loan after the first year.

CONTACT:

Ingrid Principe
Arbor Commercial Mortgage
333 Earle Ovington Blvd., Suite 900
Uniondale, NY 11553
P: 516.506.4298
F: 516.542.2555
www.arbor.com

Arbor Closes $3.9M Fannie Mae DUS® MBS Loan for Ambassador Apartments in Balch Springs, TX

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,900,000 loan under the Fannie Mae DUS® MBS product line to finance the 136-unit complex known as Ambassador Apartments (bottom left photo) in Balch Springs, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05 percent.

The loan was originated by Robert Russell, (top right photo) Senior Vice President, in Arbor’s full-service New York, NY lending office.

“The client engaged Arbor on this transaction because they had the confidence that we could execute despite the current market volatility,” said Russell.

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/