Arbor Funds $86.9M Across West in Fannie Mae Multifamily Transactions

Jay Porterfield

UNIONDALE, NY (Dec. 3, 2014) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, announced the recent funding of 16 loans totaling $86,912,000 across the western U.S. under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Affordable Housing, Fannie Mae DUS Supplemental and Fannie Mae DUS ARM 7/6™ product lines.

All of the loans, which stretch from Texas to California, were originated by Jay Porterfield, Vice President in Arbor’s Plano, TX, office.

“As a national direct lender, Arbor has comprehensive market expertise throughout the country, including in such multifamily hotbed markets as Colorado, California and Texas,” Porterfield said.

“As demonstrated by this diverse portfolio of loans, Arbor is providing the personal service and expertise needed for investors to take advantage of today’s strong market conditions.”

  

Hahn Triplexes, Modesto, CA

·         Stonebridge Apartments, Modesto, CA – This 286-unit multifamily property received $16,750,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property provides residents with a swimming pool, spa, clubhouse, playground and laundry room.

  

·         Hahn Triplexes, Modesto, CA – This 33-unit multifamily property received $3,000,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

 ·         Lamar Station Apartments, Lakewood, CO – This 130-unit multifamily property received $6,350,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The property features a playground and dog park for residents.

  

Lamar Station Apartment, Lakewood, CO

·         Vistas at the Citadel, Colorado Springs, CO – This 210-unit multifamily property received $5,400,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Resident amenities include two pools, two common laundry facilities, a dog park, a playground and a barbeque area.

  

·         Village Green Apartments, Greeley, CO – This 120-unit multifamily property received $2,500,000 funded under the Fannie Mae DUS Supplemental Loan product line. The 12-year, 10-month supplemental loan amortizes on a 30-year schedule. The complex features a pool and grill area.

Fountain Garden Apartments, Pueblo, CO

·         Fountain Garden Apartments, Pueblo, CO – This 75-unit multifamily property received $2,480,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The apartment building provides a common laundry center as well as a playground,   basketball court and picnic area for residents.

  

·         High Meadow Apartments, Durant, OK – This 208-unit multifamily property received $10,950,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. There is a clubhouse, a swimming pool, a laundry facility, a basketball court, barbeque grills, a playground and a fitness center available on the property.

Mansions South Apartments, Moore, OK

·         Sunnyview Apartments, Oklahoma City, OK – This 224-unit multifamily property received $6,325,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

  

·         Mansions South Apartments, Moore, OK – This 146-unit multifamily property received $4,205,000 funded under the Fannie Mae DUS Loan product line. The 25-year acquisition loan amortizes on a 25-year schedule. Property features include washer/dryer connections with appliances in each unit, patios/balconies, a swimming pool, a fitness center, a basketball court, a playground, picnic areas and a dog park.

  

Copper Creek Apartments, Fort Worth, TX

·         Trafalgar Square Duplexes, Oklahoma City, OK – This 44-unit multifamily property received $3,050,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

  

·         McKinney Park Apartment Homes, Denton, TX – This 250-unit multifamily property received $8,535,000 funded under the Fannie Mae DUS Affordable Housing Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Residents have access to a pool, a volleyball court, a playground, a business center and on-site parking.

·         Copper Creek Apartments, Fort Worth, TX – This 274-unit multifamily property received $6,200,000 funded under the Fannie Mae DUS ARM 7/6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The property features two swimming pools and two laundry rooms.

  

Cimarron Apartments, Canyon, TX

·         Chaparral Apartments, Fort Worth, TX – This 134-unit multifamily property received $3,492,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

  

·         Cimarron Apartments, Canyon, TX – This 128-unit multifamily property received $2,675,000 funded under the Fannie Mae DUS Small Loan product line. The 30-year refinance loan amortizes on a 30-year schedule. The complex features a swimming pool, a central laundry facility and on-site parking.

  

·         Madera Lakeside, Arlington, TX – This 192-unit multifamily property received $2,500,000 funded under the Fannie Mae DUS Supplemental Loan product line and was funded to accommodate an acquisition of the property. The seven-year, 10-month supplemental loan amortizes on a 30-year schedule. Madera Lakeside Apartments is a garden-style apartment community that provides a swimming pool as well as a lake for its residents.

Madera Lakeside Apartments, Arlington, TX

·         Sandridge Apartments, Roy, UT – This 48-unit multifamily property received $2,500,000 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

Arbor Funds $123.2M in Multifamily Deals Across Midwest, Southwest and Southeast

Matt Norman

UNIONDALE, NY (May 1, 2014) - Arbor Commercial Funding, LLC (“Arbor”), a wholly- owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, announced the recent funding of 24 loans totaling $123,227,400 under Arbor’s Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Affordable Housing, Fannie Mae DUS ARM 7-6™, Arbor CMBS and Arbor Realty Trust Bridge product lines.

All of the loans were originated by Matt Norman, Vice President in Arbor’s Dallas, TX, office.

 “As there are strong multifamily investment opportunities across the country, Arbor prides itself in providing local market expertise to its clients wherever their business takes them, as evidenced by this latest group of loans,” Norman said.

 “Equally important to offering geographic diversity is product diversity and these transactions required an expansive product approach that ranged from fixed- to adjustable-rate financing to affordable housing, bridge, CMBS and small loans.” 

·            Selma Alabama Portfolio, Selma, AL – This 172-unit multifamily portfolio received $4,590,000 funded under the Fannie Mae DUS Loan product line. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation. 

Selma, AL Portfolio, Selma, AL

·            Sutton Bridge Apartments, Rainbow City, AL – This 108-unit multifamily property received $3,400,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

  

·            Woodland Square Apartments, Mobile, AL – This 128-unit multifamily property received $3,290,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The loan was a rate and term refinance that helped free up a construction line used for the original property acquisition and renovation.

Sutton Bridge Apartments, Rainbow City, AL

·            Multifamily Property, Ohio – This 416-unit multifamily property received $11,900,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.  Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

·            Multifamily Property, Ohio – This 176-unit multifamily property received $2,768,000 funded under the Fannie Mae DUS Affordable Housing ARM 7-6 Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Arbor’s loan provided equity recapture for the client, providing funding for future acquisitions.

  

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

Christopher Ostrowski

costrowski@arbor.com

Arbor Closes $6M+ in New Fannie Mae DUS® Small Loans

Briarwood Village Apartments in Odessa, TX Gets $2.4M 

Uniondale, NY (Aug. 11, 2010) - 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 74-unit complex known as Briarwood Village Apartments in Odessa, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.04 percent.

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

 “We were pleased to work with the borrowers and broker on our third transaction together and deliver competitive financing terms in an overall challenging market,” York said. “We look forward to future opportunities together.”

Cedar Grove Apartments in Augusta, GA Obtains $2.76M 

Uniondale, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,760,000 loan under the Fannie Mae DUS® product line for the 126-unit complex known as Cedar Grove Apartments in Augusta, GA.

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

“We were pleased to provide this Fannie Mae DUS® loan with favorable terms in a market that has developed into a center for medical, biotechnology and manufacturing business in addition to its well-known historic golf club,” said Ken Fazio (middle right photo) , Vice President and National Sales Manager, in Arbor’s full-service Uniondale, NY, lending office.

Applegate Trails Apartments in  Klamath Falls, OR Receives $950,000

Uniondale, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $950,000 loan under the Fannie Mae DUS® Multifamily Affordable Housing product line for the 49-unit complex known as Applegate Trails Apartments in Klamath Falls, OR.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 6.19 percent.

The loan was originated by Jay Porterfield (bottom left photo), Vice President, in Arbor’s full-service Plano, TX, lending office. “Arbor funded this loan for the acquisition of the property by an experienced apartment owner,” Porterfield said.

“The property is subject to a Land Use Restriction Agreement related to tax credits and is part of Fannie Mae’s Multifamily Affordable Housing program. Arbor continues to be very active in financing affordable properties.”


Contact:  COstrowski@arbor.com

Arbor Closes $1,683,900 Fannie Mae DUS® Small Loan for William Street Apartments in Worcester, MA

Uniondale, NY (July 1, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,683,900 loan under the Fannie Mae DUS® Small Loan product line for the 30-unit complex known as William Street Apartments in Worcester, MA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.09 percent.

The loan was originated by Edward Petti, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “This was an acquisition of a small apartment complex in Worcester, Massachusetts,” said Petti. “Our underwriting team is very familiar with this market and aggressively moved it through commitment and closing.”

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

Arbor Closes $38M in 4 Fannie Mae Loans in North and South Carolina, Texas and Connecticut

  $15,742,500 Fannie Mae DUS® Loan Closed for Stone Ridge Apartments in Fayetteville, NC

UNIONDALE,  NY (Feb.  9, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $15,742,500 loan under the Fannie Mae DUS® product line for the 216-unit complex known as Stone Ridge Apartments in Fayetteville, NC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.74 percent.

The loan was originated by John Edwards, (top right photo)  Vice President, in Arbor’s full-service Boston, MA lending office.

“The loan represented a great opportunity for Arbor to provide financing for a newly constructed stabilized property,” said Edwards. “We provided our client with their requested objective of an attractive 10-year interest rate with loan proceeds exceeding $15.7 million.

" In addition, we greatly appreciate the efforts of Jackson Howard of Carolina Mortgage Company in securing this financing.”

$14,500,000 Fannie Mae DUS® Loan Closed for Overlook at Golden Hills Apartments in Lexington, SC

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $14,500,000 loan under the Fannie Mae DUS® product line for the 204-unit complex known as Overlook at Golden Hills Apartments in Lexington, SC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.82 percent.

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

“Despite the current lending environment, we encountered significant competition for this transaction,” said Abergel. “We won the deal by providing the most attractive rate, term and structure for the borrower.”

$6,846,790 Fannie Mae DUS® Loan Closed for Carlisle on the Creek in Dallas, TX

 Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,846,790 loan under the Fannie Mae DUS® product line for the 176-unit complex known as Carlisle on the Creek in Dallas, TX.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 5.55 percent.

The loan was originated by Anthony Tarter, (middle right photo) Director, in Arbor’s full-service Dallas, TX lending office. “Arbor was pleased to provide acquisition financing, including additional funds for capital improvements, for a great borrower and property in the Dallas Uptown market,” said Tarter.


$1,260,000 Fannie Mae DUS® Small Loan Closed for Carriage Hills Apartments in New Haven, CT

Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,260,000 loan under the Fannie Mae DUS® Small Loan product line for the 22-unit complex known as Carriage Hills Apartments in New Haven, CT.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.02 percent.

The loan was originated by John Edwards, Vice President, in Arbor’s full-service Boston, MA lending office.

 “We were pleased with the opportunity to provide a repeat client new financing for a solid performing asset,” said Edwards. “The closing of this transaction highlights our commitment to maintaining long-term business relationships.

Additionally, Fred Vogell of Mortgage Resources acted as the loan correspondent.”

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 Multifamily Loans in Oregon, Indianapolis and California

Two Fannie Mae DUS® Loans Totaling $6,991,200 Closed at Springfield, OR

UNIONDALE,  NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $6,991,200 under the Fannie Mae DUS® product line. These loans include:

Centennial Apartments, Springfield, OR – A 118-unit complex in the amount of $3,500,000 funded under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.54 percent.

Chalet Apartments, Springfield, OR – An 83-unit complex in the amount of $3,491,200 funded under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.54 percent.

The loans were originated by Yogesh Joshi, (top right photo)  Director, in Arbor’s full-service Woodland Hills, CA lending office.

 “Arbor successfully refinanced the existing Fannie Mae loans for a highly experienced and repeat Fannie Mae borrower,” said Joshi. “Both properties are well-maintained with stable operating histories.”

Arbor Closes $600,000 Fannie Mae DUS® Coterminous Supplemental Loan Closed for Mayfield Green Cooperative in Indianapolis

Uniondale, NY (January 19, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $600,000 loan under the Fannie Mae DUS® Coterminous Supplemental Loan product line for the 344-unit complex known as Mayfield Green Cooperative in Indianapolis, IN.

The 26.5-year loan amortizes on a 26.5-year schedule and carries a note rate of 7.17 percent.

The loan was originated by Michael Jehle,  (middle right photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

“The members of Mayfield Green Cooperative were interested in acquiring funds for capital improvements in the form of a second mortgage on top of our original loan made to them in October 2005, and Fannie Mae’s Supplemental Loan Program worked perfectly for their needs,” said Jehle.

“This loan was structured to amortize in full through 2035, exactly when their first mortgage will also amortize to zero.”

Two Fannie Mae DUS® Loans Totaling $4M Closed in El Cajon, CA

UNIONDALE, , NY (Jan.20, 2010) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $4,000,000 under the Fannie Mae DUS® Small Loan product line. These loans include:

Ballantyne Villas, El Cajon, CA – A 31-unit complex in the amount of $2,000,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.41 percent.

Portofino Apartments, El Cajon, CA – A 40-unit complex in the amount of $2,000,000 funded under the Fannie Mae DUS® Small Loan product line. The

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

The loans were originated by Greg Gillam, (bottom right photo)  Director, in Arbor’s full-service Manhattan Beach, CA lending office.

 “These transactions represent Arbor’s continued strong ability to close loans via our Fannie Mae Small Loan program,” said Gillam. “We were pleased to provide this new client with long-term debt at a low interest rate that allowed them to pay off their existing interim bank financing.”

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 Three Fannie Mae DUS Loans Totaling $6M

 $2,275,000 Fannie Mae DUS® Small Loan Closed for  Singing Oaks in Denton, TX

UNIONDALE, , NY- - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,275,000 loan under the Fannie Mae DUS® Small Loan product line for the 126-unit complex known as Singing Oaks (top left site map)  in Denton, TX.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.83 percent.

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

“This transaction required flexibility from Arbor and patience from the Borrower, as we were dealing with a potential acquisition that turned mid-process into a straight refinance,” said Norman.

“The tight deadline on the soon-to-be-retired debt added additional challenges that we were able to meet with a new Fannie Mae loan for this repeat client.”

$1,900,000 Fannie Mae DUS® Small Loan Closed  for 717-719 Parker Street in Boston, MA

UNIONDALE,  NY (Jan.  7, 2010) - 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® Small Loan product line for the 7-unit complex known as 717-719 Parker Street in Boston, MA.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.57 percent.

The loan was originated by John Kelly, (middle right photo)  Vice President, in Arbor’s full-service Boston, MA lending office.

“This transaction represented Arbor’s continued strong presence in closing deals via our small loan program,” said Kelly. “This repeat client was able to secure long-term debt for another successfully renovated project and help us to further grow this financial partnership.”

 $1.6M Fannie Mae DUS® Small Loan Completed for 6 Lincoln Street in  Denver, CO

UNIONDALE,  NY (Jan.  7, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,600,000 loan under the Fannie Mae DUS® Small Loan product line for the 39-unit complex known as 6 Lincoln Street in Denver, CO.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.89 percent.

The loan was originated by Jay Porterfield,  (bottom left photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided acquisition financing for this property in a strong submarket near downtown Denver, “said Porterfield. “Additionally, to enhance future cash flow, the borrower is working on plans to upgrade this already stable property.”

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

Arbor Closes Two Fannie Mae Loans

South Creek Apartments in Centralia, WA Gets $1.197,200 Financing

Uniondale, NY (Dec.r 21, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,197,200 loan under the Fannie Mae DUS® product line to refinance the 52-unit complex known as South Creek Apartments in Centralia, WA.

The 13-year loan amortizes on a 30-year schedule and carries a note rate of 6.19 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “South Creek was a refinance of an existing LIHTC property for a repeat borrower,” said Porterfield. “Arbor continues to be a very active lender in Fannie Mae’s Multifamily Affordable Housing program.”


Austin Pacifica Apartments in Austin, TX Obtains $1.65M Funding

Uniondale, NY (Dec.r 21, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,650,000 loan under the Fannie Mae DUS® Small Loan product line for the 102-unit complex known as Austin Pacifica Apartments (bottom left photo)  in Austin, TX.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.67 percent.

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor had the opportunity to provide acquisition financing for Austin Pacifica,” said Porterfield. “The property was a strategic addition to the borrower’s other holdings in the neighborhood.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com,%20follow/ us on Twitter @ arbor1

Arbor Commercial Mortgage Appoints Two New Originators to Head Chicago Office

Uniondale, NY (Dec. 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 appointments of Directors Ted Nasca and Patrick McNulty to Arbor’s Chicago office. Both Directors will report to Ken Fazio (top right photo), VP, National Sales Manager.

“Our Chicago expansion is another great example of how Arbor continues to build on its commitment to serve markets where we see strong upside opportunity,” said Fazio.

Mr. Nasca is responsible for all of Arbor’s loan offerings, with a specialty in Fannie Mae and HUD programs. He brings over 19 years of loan origination, investment and deal structuring experience to Arbor.

His most recent position was as a Director in the Fixed Income, Real Estate Finance and Securitization Group at Column Financial, the commercial real estate lending arm of Credit Suisse.

Mr. McNulty is responsible for originating all of Arbor’s loan offerings with a specialty in Fannie Mae and FHA transactions throughout the Midwestern United States.

Contact:  Ingrid Principe, iprincipe@arbor.com

Scott J. Waddington Appointed Vice President in Arbor’s Tampa, FL 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 Scott J. Waddington to Vice President in Arbor’s Tampa, FL office. Mr. Waddington is responsible for sourcing and structuring multifamily and commercial transactions nationwide. He reports to Ken Fazio, (top right photo)  Vice President, National Sales Manager.

Mr. Waddington has over 12 years of experience in commercial real estate finance, with a specialized expertise in originating multifamily residential debt and equity transactions for Fannie Mae, Freddie Mac, FHA/HUD and proprietary investment.

Prior to joining Arbor, Mr. Waddington served as the founder and managing member of his own specialty real estate finance consulting and advisory firm, Realty Capital Solutions, LLC. Before founding Realty Capital Solutions, he was the Vice President of MuniMae, LLC, where he was responsible for the placement of proprietary capital and third-party managed funds in nationwide commercial real estate investments, including multifamily, office, retail, industrial, hospitality, land acquisition and development.

Mr. Waddington has also held positions at MuniMae, LLC subsidiaries, MMA Realty Capital, LLC, MMA Financial, LLC and The Midland Companies since 1998. He graduated from the University of Florida with a Bachelor of Science in Finance and Economics. He resides in Tampa.

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

Arbor Helps Long Island Cares Provide Hundreds with Hot Dinners this Thanksgiving Day

 (UNIONDALE,  NY) - Arbor employees collected over 100 pounds of Thanksgiving favorites, along with $550 in monetary donations for Long Island Cares Food Bank’s Calling All Turkeys campaign.

This special drive was designed to aid Long Island Cares with their goal of distributing 3,000 turkey dinners by Thanksgiving.

 (Pictured left to right): Ingrid Principe, Marketing Specialist, Arbor; Robin Amato Lanci, CFRE, Director of Development and Communications, Long Island Cares.

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 $7.78M Fannie Mae DUS® MBS Loan for Bridgeport Portfolio in Bridgeport, CT

Uniondale, NY (July 21, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $7,780,000 loan under the Fannie Mae DUS® MBS Loan product line for the 128-unit property known as the Bridgeport Portfolio in Bridgeport, CT.

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

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

“The goal for this client, a major multifamily owner in Connecticut, was to refinance and pull out trapped equity that could be used towards the purchase of additional multifamily properties,” said York. “We were pleased to assist the Sponsor in accomplishing his objective and we look forward to future opportunities together.”




Contact: Ingrid Principe, iprincipe@arbor.com

Arbor Closes $32.35M Fannie Mae DUS® MBS ARM Loan for Vintage Pointe in Montgomery, AL

UNIONDALE, NY, April 14, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $32,350,000 loan under the Fannie Mae DUS® MBS ARM Loan product line to refinance the 520-unit complex known as Vintage Pointe (bottom left photo) in Montgomery, AL.

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

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

“On this particular deal, Arbor was competing with another lender who ultimately did not deliver on its commitments to the borrower,” said Abergel.

“With timing being critical for our client, we screened the deal within a couple hours and closed 28 days later.

The proceeds of the loan were precisely on target with the borrower’s request, which enabled him to close the deal.”

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

Arbor Closes $17.5M Fannie Mae DUS® ARM Loan on Reflections of Island Park in Shreveport, LA

UNIONDALE, NY, Mar. 19, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $17,500,000 loan under the Fannie Mae DUS® ARM product line to finance the 168-unit complex known as Reflections of Island Park(top right photo) in Shreveport, LA.

The 10-year loan amortizes on a 30-year schedule and carries an adjustable note rate of 4.58 percent.

The loan was originated by John Edwards, (bottom left photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“Architecturally, the subject property has an outstanding design and layout consistent with the unique Louisiana style,” said Edwards.

“The property is well- positioned in the marketplace, and we were pleased to provide the financing for an experienced developer in the region.”

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

Arbor Closes 2 Fannie Mae Loans totaling $9M

Isabella Apartments in Bellingham, WA Receives $6,460,900

UNIONDALE, NY, Mar. 16, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,460,900 loan under the Fannie Mae DUS® product line to refinance the 96-unit complex, Isabella Apartments in Bellingham, WA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 4.50 percent.

The loan was originated by Jon Red, (middle right photo) Director, in Arbor’s full-service Spokane, WA lending office.

“The broker selected Arbor for this project as the borrower was looking for cash out with a low rate on a stabilized apartment complex he had built in 2006,” said Red.

“We were able to meet the borrower’s expectations in a very volatile interest rate environment with an attractive floating rate structure.”

Casa Villa Apartments in Forth Worth, TX Obtains $2.55M

In Fort Worth, TX, Arbor Commercial Funding closed a $2,550,000 loan under the Fannie Mae DUS® product line to refinance the 140-unit complex known as Casa Villa Apartments. (bottom right photo)

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.23 percent.

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

“Arbor’s ability to work with all parties involved resulted in a key acquisition for our California-based borrower,” said Norman.

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

Arbor Closes 3 Fannie Mae Loans Totaling Over $6M

Knoxville, TN Portfolio Receives $3,680,000; Odessa, TN Property Obtains $1,484,500.

UNIONDALE, NY--) Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $5,164,500 under the Fannie Mae DUS® product line. These loans include:

Knoxville Portfolio, Knoxville, TN – This is a refinance for properties known as Morningside Hills Apartments and Magnolia Apartments totaling 154 units in the amount of $3,680,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.51 percent.

Cielo Vista Townhouse, Odessa, TX – This is an acquisition of a 56-unit complex in the amount of $1,484,500 under the Fannie Mae DUS® Small Loan product line.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.64 percent.

The loans were originated by Stephen York, (top right photo) Director, in Arbor’s full-service Uniondale, NY lending office.

“Arbor was pleased to deliver competitive financing terms to the Sponsors of both of these transactions,” said York.

Tally Ho Apartments in Sioux Falls, SD Receives $1,528,700 Loan

UNIONDALE, NY --- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,528,700 loan under the Fannie Mae DUS® product line to refinance the 78-unit property known as Tally Ho Apartments (bottom left photo) in Sioux Falls, SD.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.87 percent.

The loans were originated by Stephen York, Director, in Arbor’s full-service Uniondale, NY lending office.

“Arbor was pleased to deliver competitive terms that included a sizeable cash out,” said York. “We look forward to future opportunities with this client.”

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

Arbor Closes 2 Fannie Mae Loans totaling $19M

Piedmont Plantation in Sumter, SC Receives $14.43M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $14,431,000 loan under the Fannie Mae DUS® product line to finance the 252-unit complex known as Piedmont Plantation (top left photo) in Sumter, SC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.22 percent.

The loan was originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“This financing presented several significant challenges mainly related to the changes in the real estate taxes. Thankfully we were able to structure the loan in accordance with the client’s expectations. We were pleased with the opportunity to work closely with a strong owner and development team and look forward to continuing our business relationship with this important client.”

Cranbrook Centre Apartments in Southfield, MI Obtains $4.68M

UNIONDALE, NY (Mar. 11, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,680,000 loan under the Fannie Mae DUS® product line for the 132-unit complex known as Cranbrook Centre Apartments (bottom right photo) in Southfield, MI.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.

The loans were originated by Michael Jehle, (bottom left photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

“The Borrower had a 10-year balloon payment that was soon due on a property that they had owned and managed for over 25 years,” said Jehle. “Arbor was able to provide very attractive financing to pay off this existing debt for another 10 years through our Fannie Mae DUS® product line.”

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