News: Brokerage

Arbor Commercial Funding secures 10 loans totaling $38.288 million

Arbor Commercial Funding, LLC has funded 10 loans totaling $38.288 million across the country. These loans were funded under the Fannie Mae Delegated Underwriting & Servicing (DUS), Fannie Mae DUS Small Loan, Fannie Mae DUS Student Housing and Arbor Commercial Mortgage CMBS product lines. These loans include: * Heatherton Estates Apartments, Florissant, MO: This 256-unit multifamily property received $8.5 million funded under the Fannie Mae DUS Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. The complex consists of 150 garden-style units and 106 townhouse units. * 803-13 Westwood Apartments, Clayton, MO: This 36-unit multifamily property received $3.125 million funded under the Fannie Mae DUS Small Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. * 765 Westwood Apartments, Clayton, MO: This 33-unit multifamily property received $2.168 million funded under the Fannie Mae DUS Small Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. * Pine Meadow Garden Apartments, St. Louis, MO - This 38-unit multifamily property received $1.685 million funded under the Fannie Mae DUS Small Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. * Lindell Blvd. Apartments, St. Louis, MO: This 36-unit multifamily property received $2.429 million funded under the Fannie Mae DUS Student Housing Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. * Gessner Park Apartments, Houston, Tex.: This 224-unit multifamily property received $6.5 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. * Wildflower Apartments, Austin, Tex.: This 192-unit multifamily property received $5.72 million funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. * Governor's Apartments, Austin, Tex.: This 24-unit multifamily property received $3.561 million funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. * Whitewood Oaks Apartments, San Antonio, Tex.: This 130-unit multifamily property received $3.06 million funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 25-year schedule. * Kerrybrook Apartments, San Antonio, Tex.: This 49-unit multifamily property received $1.54 million funded under the Fannie Mae DUS Small Loan product line. The 30-year refinance loan amortizes on a 30-year schedule. All of the loans were originated by Brian Scharf, vice president in Arbor's Uniondale, N.Y. office. "Arbor offers unique financing capabilities in the multifamily arena, as it offers one of the most diverse loan product lineups in the industry, from Fannie Mae to FHA to CMBS, Bridge and Mezzanine lending. Such diversity was key in providing these borrowers the right terms for their particular properties and investment scenarios," Scharf said. "We are also able to combine such product diversity with our strong geographic reach, allowing us to provide our clients financing expertise wherever they do business."
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