Arbor Funds $29.8 million coast to coast in Fannie Mae multifamily deals

Alaska Arbor Commercial Mortgage, LLC, a national, direct commercial real estate lender, arranged the recent funding of nine loans totaling $29.8 million across the nation under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, FHA 223(f) Loan, Fannie Mae DUS Affordable Housing product lines. All of the loans, which stretch from Alaska to Massachusetts, were originated by Ryan Duff, sales originator in Arbor's Boston office. "As a national direct lender, Arbor has a wide-range of market knowledge throughout the nation, including such diverse markets as Texas, Ohio, South Carolina and even Alaska," said Duff. "As demonstrated by this collection of loans, Arbor is providing the personal service and expertise needed for investors to take advantage of today's strong multifamily market conditions." • Ashley Village, North Charleston, SC - This 266-unit multifamily property received $8,261,400 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Property amenities include a clubhouse/leasing office, a swimming pool, a fitness center, a playground and a laundry facility. • La Hacienda Apartments, Dallas, TX - This 200-unit multifamily property received $4,500,000 funded under the Fannie Mae DUS Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. • Casa Feliz Apartments, Dallas, TX - This 161-unit multifamily property received $3,900,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. • Shady Oaks Apartments, Mount Pleasant, TX - This 74-unit multifamily property received $1,900,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. Each apartment unit features a refrigerator, a freezer, an electric stove, an oven and a dishwasher. • Olive Tree Apartments, Livingston, CA - This 86-unit multifamily property received $3,200,000 funded under the Fannie Mae DUS Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule. Common amenities at the property include a swimming pool, a picnic area, a playground and an on-site laundry room. • Northgate Apartments, Zanesville, OH - This 86-unit multifamily property received $2,470,000 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 leasing office, a central laundry facility, a community room, a playground and property storage areas. • Parkway Arms Apartments, Lakewood, OH - This 42-unit multifamily property received $750,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property includes air conditioners, frost-free refrigerators and stainless steel appliances. • Adams Court Apartments, Mattapan, MA - This 50-unit multifamily property received $2,436,000 funded under the FHA 223(f) Loan product line. The 35-year refinance loan amortizes on a 35-year schedule. The property amenities include common laundry facilities in each of the buildings, off-street parking and balconies for most non-ground level apartments. • Southside Seniors Apartments, Anchorage, AK - This 48-unit multifamily property received $1,650,000 funded under the Fannie Mae DUS Multifamily Affordable Housing product line. The 15-year refinance loan amortizes on a 30-year schedule. Unit amenities include a refrigerator, a stove, a microwave, a dishwasher and a washer/dryer. • Waverly Gardens Apartments, Oklahoma City, OK - This 24-unit multifamily property received $751,200 funded under the Fannie Mae DUS Small Loan product line. The seven-year refinance loan amortizes on a 30-year schedule. The apartments feature walk-in closets, patios or balconies and hookups for full size laundry equipment.