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| Brian Scharf |
UNIONDALE, NY (March 18, 2015) - Arbor Commercial Mortgage,
LLC (“Arbor”), a national, direct commercial real estate lender, announced the
recent funding of 13 loans totaling $180,653,600 across Texas, Missouri, South
Carolina, North Carolina, Virginia and Washington under the Fannie Mae
Delegated Underwriting & Servicing (DUS®) Loan, FHA Multifamily, CMBS and
Arbor Realty Trust Mezzanine and Bridge product lines.
All of the loans were originated by Brian Scharf, Vice President in Arbor’s Uniondale, NY, office.
“As a national direct lender, Arbor has the nationwide
expertise required to meet borrower demands no matter where they do business,
including in such thriving markets as Texas, South Carolina and Missouri,”
Scharf said.
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| Lakepointe at Las Colinas, Irving, TX |
“As demonstrated by this collection of loans, Arbor is
providing the personal service needed for investors to take advantage of
today’s strong multifamily market conditions.”
· Lakepointe at Las Colinas, Irving, TX –
This 256-unit multifamily property received $33,637,500 funded under the Fannie
Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year
schedule. Property amenities include a swimming pool, a clubhouse with a
billiards table, a fitness center, a business center, a leasable clubroom, a
conference room and valet trash service.
· Gateway at Plano, Plano, TX – This
254-unit multifamily property received $31,290,000 funded under the Fannie Mae
DUS Loan product line. The 10-year refinance loan amortizes on a 30-year
schedule. Amenities include a swimming pool with a cabana, a grilling area and
an outdoor fireplace as well as a clubhouse with a fitness center, a business
center and a media room.
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| Gateway at Plano, Plano, TX |
· Multifamily Property, Richardson, TX –
This 88-unit multifamily property received $6,150,000 funded under the Arbor
Realty Trust Bridge Loan product line. It is a three-year acquisition
loan.
· Wyndham on the Creek Apartments, Dallas, TX
– This 151-unit multifamily property received $5,120,000 funded under the
Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a
30-year schedule. The property offers a swimming pool and clubhouse.
· Las Palmas I Apartments, Houston, TX –
This 182-unit multifamily property received $4,800,000 funded under the Fannie
Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year
schedule. Amenities include a clubhouse, laundry rooms and a swimming pool.
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Wyndham on the Creek Apartments,
Dallas, TX |
· The Oaks, Balch Springs, TX – This
147-unit multifamily property received $4,642,200 funded under the Fannie Mae
DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year
schedule. The property offers a swimming pool, a laundry facility, a playground
and a picnic area.
· Multifamily Property, Carrollton, TX –
This 304-unit multifamily property received $4,200,000 funded under the Arbor
Realty Trust Mezzanine Loan product line. It is a three-year acquisition
loan.
· Westwind Apartments, Fort Worth, TX –
This 140-unit multifamily property received $4,100,000 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 business center, an in-ground
swimming pool and a central laundry facility.
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| Las Palmas I Apartments, Houston, TX |
· Woodvine Apartments, Houston, TX – This
102-unit multifamily property received $3,531,900 funded under the Fannie Mae
DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year
schedule. The property offers a playground, a picnic area, a laundry room and
barbeque grills.
· Spring Hollow Apartments, Dallas, TX –
This 82-unit multifamily property received $2,000,000 funded under the Fannie
Mae Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a
30-year schedule. Amenities include a leasing office, a central laundry
facility, a park with picnic tables and a charcoal grill.
· Park Plaza Apartments, Austin, TX –
This 62-unit multifamily property received $1,900,000 funded under the FHA
221(d)(4) product line. The 10-year refinance loan amortizes on a 30-year
schedule. Project amenities include a centralized laundry facility, a
playground and a pool.
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| The Oaks at Balch Springs, TX |
· Calloway Place Apartments, Fort Worth, TX
- This 62-unit multifamily property received $1,320,000 funded under the Fannie
Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year
schedule. The property includes a swimming pool and central laundry.
· The Apartments at Shade Tree, Johns Island,
SC - This multifamily property received $21,182,000 funded under the Fannie
Mae DUS Loan product line. The construction loan amortizes on a 40-year
schedule.
· Multifamily Property, Raleigh, NC -
This 178-unit multifamily property received $10,000,000 funded under the Arbor
Realty Trust Bridge Loan product line. It is a three-year acquisition loan.
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| Westwind Apartments, Fort Worth, TX |
· Multifamily Property, Raleigh, NC –
This 67-unit multifamily property received $2,480,000 funded under the Arbor
Realty Trust Bridge Loan product line. The two-year loan refinances the
property.
· Industrial/Office Property, Newport News,
VA - This 379,706-unit industrial/office property received $21,000,000
funded under the CMBS Loan product line. The 10-year refinance loan amortizes
on a 30-year schedule.
· West End Terrace Apartments, St.
Louis, MO - This 195-unit multifamily property received $20,000,000 funded
under the Fannie Mae DUS Loan product line. The 10-year refinance loan
amortizes on a 30-year schedule.
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| Woodvine Apartments, Houston, TX |
· Multifamily Property, Seattle, WA -
This 24-unit multifamily and four-unit mixed-use property received $3,300,000
funded under the CMBS 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
