Outside the Region: Gillam of Arbor Realty Trust funds eight loans totaling $119.3 million

November 07, 2017 - Front Section

Pomona, CA Arbor Realty Trust, Inc., funded eight loans totaling $119 million under the Fannie Mae DUS loan, Freddie Mac SBL, and Fannie Mae Small loan product lines. Greg Gillam, vice president of originations in Arbor’s Manhattan Beach, California office, originated the loans. The transactions include:

• Monterey Station Apartments: This 349-unit multifamily property received $58 million. The 10-year, fixed rate acquisition loan amortizes on a 30-year schedule.

• The Arches at Regional Center: The 144-unit property in West Palmdale, CA., received $16.225 million. The ten-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Robins Nest Apartments: The 104-unit property in San Antonio, TX., received $2.587 million. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Nueva Vista Apartments: The 134-unit property in Fort Worth, TX., received $3.5 million and is a hybrid loan.

• Riverton of the High Desert: The220-unit property in Victorville, CA., received $20 million. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

 • Las Brisas: The 208-unit property in Colton, CA., received $14 million. The ten-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Parkside Apartments: The 24-unit property in Turlock, CA., received $1.84 million. The 10-year, fixed rate refinance loan amortizes on a 30-year schedule.

• Lake Union: The 11-unit property in Seattle, WA., received $2.7 million and is a hybrid loan.

“These loans exemplify Arbor’s commitment and dedication to service and excellence. From small- to large-sized loans, Arbor customizes each lender’s experience to tailor-fit their needs. Our approach to partnering with clients separates us from the competition!” Gillam said.

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