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| Wimberly Park Apartments, Duncanville, TX |
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| Anthony Tarter |
UNIONDALE, NY -
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 11 loans totaling $76,479,999 across the
Midwest under the Fannie Mae Delegated Underwriting & Servicing® (DUS®),
Fannie Mae DUS Multifamily Affordable Housing and Fannie Mae DUS Small Loan product lines. These loans
include:
· Wimberly
Park Apartments, Duncanville, TX – This 440-unit multifamily property
received $14,999,999 funded under the Fannie Mae DUS Loan product line. The
10-year refinance loan amortizes on a 30-year schedule. The property includes a
24-hour fitness center, a 24-hour business center, outdoor basketball courts,
two laundry centers, three swimming pools and an on-site day care center.
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| Camelot Village Apartments, Mesquite, TX |
· Camelot
Village, Mesquite, TX – This 512-unit multifamily property received
$14,900,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The complex includes a 24-hour
fitness center, a 24-hour business center, a tennis court, an indoor and
outdoor basketball court, a sand volleyball court, a soccer field, picnic areas
with gazebos and grills, three pools and four laundry centers.
· Ventana at
Valwood, Farmers Branch, TX – This 265-unit multifamily property received
$6,502,800 funded under the Fannie Mae DUS Loan product line. The 10-year
acquisition loan amortizes on a 30-year schedule. The complex includes a common
laundry area with several washers and dryers.
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Ventana at Valwood Apartments
Farmers Branch, TX |
· Sayle
Gardens, Greenville, TX – This 119-unit multifamily property received
$3,175,000 funded under the Fannie Mae DUS Loan product line. The seven-year
refinance loan amortizes on a 30-year schedule. The property includes a swimming pool and laundry facility. Select apartments also include a wood
burning fireplace, washer/dryer connections and walk-in closets.
· Mill Run
Apartments, Dallas, TX – This 112-unit multifamily property received
$2,960,000 funded under the Fannie Mae DUS Affordable Housing Loan product
line. The 10-year acquisition loan amortizes on a 25-year schedule. The property includes a swimming pool as
well as a central laundry center.
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| Summit Plaza Apartments, Arlington, TX |
· Summit Plaza
Apartments, Arlington, TX – This 17-unit multifamily property received
$1,995,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The complex offers a swimming
pool as well as a laundry center in one of the two buildings on the property.
· Lakeview
Townhomes, Rowlett, TX – This 17-unit multifamily property received $1,995,000
funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance
loan amortizes on a 30-year schedule.
Each unit includes a washer/dryer as well as a garage space.
· The Plaza
Apartments, Austin, TX – This 41-unit multifamily property received
$1,067,200 funded under the Fannie Mae DUS Small Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The property includes a laundry facility containing five washers
and six dryers.
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| Sayle Gardens Apartments, Greenville, TX |
· Brookwood
Village Townhomes, Blue Springs, MO – This 200-unit multifamily property
received $11,400,000 funded under the Fannie Mae DUS Loan product line. The
10-year refinance loan amortizes on a 30-year schedule. The property includes a
community gazebo located in the center of a cul-de-sac.
· Town Square
Townhomes – This 57-unit multifamily property received $6,550,000 funded
under the Fannie Mae DUS Loan product line. The 10-year refinance loan
amortizes on a 30-year schedule.
· Iron Ridge,
Spearfish, SD – This 66-unit multifamily property received $5,110,000
funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan
amortizes on a 30-year schedule. The property includes a fitness room, laundry
facilities, a swimming pool and a whirlpool spa.
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| Town Square Homes, Fargo, ND |
· Farmstead
Estates, Moorhead, MN – This 48-unit multifamily property received
$4,560,000 funded under the Fannie Mae DUS Loan product line. The 10-year
refinance loan amortizes on a 30-year schedule. The complex includes a heated
garage, a library, a TV room, a workout facility and large function rooms for
tenants to gather,
· Mission
Manor Apartments – This 96-unit multifamily property received $2,030,000
funded under the Fannie Mae DUS Small Loan product line. The seven-year
refinance loan amortizes on a 30-year schedule.
All of the loans were originated by Anthony Tarter,
Vice President, in Arbor’s Dallas, TX, office.
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Brookwood Village Townhomes
Blue Springs, MO |
“While Arbor is a leading U.S. multifamily lender, striving
to provide the necessary funding to all types of properties nationwide, within
the heart of the country—from Texas up to Minnesota—our expertise is second to
none, as demonstrated by these recent transactions,” Tarter said.
“We worked hand in
hand with these borrowers to ensure they received the terms as well as the
personal service they not only deserved but have also come to expect from Arbor
deal after deal.”
For a complete copy of the company’s news release, please
contact:
Christopher Ostrowski
