Arbor Closes $3,784,000 FHA 223(f) Loan for Crown Gardens in Houston, TX

Uniondale, NY (October 28, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,784,000 loan under the FHA 223(f) program to refinance the 164-unit complex known as Crown Gardens in Houston, TX.

The 35-year loan amortizes on a 35-year schedule and carries a note rate of 5.50 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“Arbor refinanced this acquisition loan through our HUD MAP license using the HUD 223(f) program,” said Porterfield. “Through this program, Arbor was able to provide an attractive loan amount at very competitive interest rate.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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Arbor Closes $2.7M Fannie Mae DUS® Small Loan for Acadia Place Apartments in San Antonio, TX

UNIONDALE,  NY (Oct. 23, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,712,400 loan under the Fannie Mae DUS® Small Loan product line to refinance the 140-unit complex known as Acadia Place Apartments in San Antonio, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided acquisition financing for this property in San Antonio,” said Porterfield. “The borrower owns other properties in the area and Acadia Place was a strategic fit within their portfolio.”


Anthony Tarter Appointed Director in Arbor’s Dallas, TX Office

UNIONDALE, NY) - 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 the appointment of Anthony Tarter to Director in Arbor’s Dallas, TX office. Mr. Tarter is responsible for originating Fannie Mae and FHA transactions nationwide. He reports to Ken Fazio, Vice President, National Sales Manager.

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

Arbor Closes Fannie Mae Loans totaling $12.9M in Arizona and California

Butterfield Apartments in Flagstaff, AZ Receives $7.9M

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $7,900,000 loan under the Fannie Mae DUS® Loan product line to refinance the 136-unit complex known as Butterfield Apartments in Flagstaff, AZ.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.96 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor refinanced this very attractive and well-maintained property in Flagstaff with a very experienced and capable owner,” said Porterfield.

Crystal Tree Apartments in Fresno, CA Gets $5M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $5,000,000 loan under the Fannie Mae DUS® Loan product line for the 276-unit complex known as Crystal Tree Apartments (bottom left map) in Fresno, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.62 percent.

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor had the opportunity to pick up this deal when another lender wavered,” said Porterfield. “This low leverage loan is secured by a stable property in a solid location with a strong borrower. Arbor was able to close the loan in about 30 days in order to pay off a maturing loan.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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Arbor Closes 2 Fannie Mae DUS® Loans in California and Texas

Vintage Wood Apartments in Fresno, CA Receives $2.5M Loan

UNIONDALE, NY (Aug. 31, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,500,000 loan under the Fannie Mae DUS® Loan product line to refinance the 65-unit complex known as Vintage Wood Apartments (top right map) in Fresno, CA.

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

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor was please to refinance Vintage Wood Apartments - a solid, well-managed property in Fresno, CA, said Porterfield. “We look forward to working again with this experienced borrower.”

Bridgestone Apartments in Friendswood, TX Gets $1.95M Loan

In Friendswood, TX, Arbor brokered a $1,950,000 loan under the Fannie Mae DUS® Small Loan product line for the 76-unit complex known as Bridgestone Apartments.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.42 percent.

The loan was originated by Matt Norman, Vice President, in Arbor’s full-service Dallas, TX lending office.

“Arbor utilized the Small Loan program to provide aid to this new client’s acquisition in the challenging Houston market,” said Norman. “Though there were obstacles, ultimately, the acquisition was completed within acceptable timeframes for both the buyer and seller.”

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

Arbor Closes $1.9M Fannie Mae DUS® Loan for Centrum Apartments in Shreveport, LA

Uniondale, NY (July 28, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,900,000 loan under the Fannie Mae DUS® Loan product line to refinance the 84-unit complex known as Centrum Apartments in Shreveport, LA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.92 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided financing for the acquisition of this property,” said Porterfield. “This was the second loan that Arbor has funded for this sponsor and we look forward to continuing to grow our financial partnership.”

Contact: Ingrid Principe, iprincipe@arbor.com

Arbor Closes $1.2M Fannie Mae DUS® Small Loan for Creekside Villas in Canyon Lake, TX

UNIONDALE, NY (May 20, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,200,000 loan under the Fannie Mae DUS® Small Loan product line for the refinance of the 20-unit complex known as Creekside Villas (top left photo) in Canyon Lake, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.80 percent.

The loan was originated by Jay Porterfield, (bottom right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“Creekside Villas is a new property in the greater San Antonio area,” said Porterfield.

“The property had leased up quickly and Arbor provided a loan to refinance the Borrower’s construction/mini-permanent loan.”

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

Arbor Closes $4,950,000 Fannie Mae DUS® Loan for Ridgegate Apartments in Dallas, TX

UNIONDALE, NY (May 19, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,950,000 loan under the Fannie Mae DUS® Loan product line for the 270-unit complex known as Ridgegate Apartments in Dallas, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.63 percent.

The loan was originated by Jay Porterfield, (bottom right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“Arbor provided this property acquisition financing against a fairly tight closing timeline and amid continued volatility in the market,” said Porterfield.

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

Arbor Closes $11M Fannie Mae DUS® Loan for Artisan Ridge Apartments in Oklahoma City, OK

Uniondale, NY (May 11, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $11,000,000 loan under the Fannie Mae DUS® Loan product line to refinance the 312-unit complex known as Artisan Ridge Apartments in Oklahoma City, OK.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.73 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“Arbor helped this borrower group refinance, allowing them to stabilize and improve the property,” said Porterfield. ”Arbor looks forward to growing our relationship with the borrower group.”

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

Arbor Closes $1,689,400 Fannie Mae DUS® Small Loan for Creekview Apartments in Scottdale, GA

UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,689,400 loan under the Fannie Mae DUS® Small Loan product line to finance the 42-unit complex known as Creekview Apartments in Scottdale, GA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.03 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“As the original lender was unable to complete the transaction, Arbor was able to step in and quickly underwrite this loan by working with the existing third-party reports and close the loan,” Porterfield said.

“We were pleased to have the opportunity to provide the borrower with a smooth and expedited solution.”

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