Arbor Funds $67 million in multifamily deals across Southeast and Western U.S.

Charlotte, NC Arbor Commercial Mortgage, LLC has funded 17 loans totaling $67.903 million across Oklahoma, North Carolina, Georgia, New York, Alabama, Florida, California and Texas under Arbor’s Freddie Mac Small Balance Loan, Fannie Mae DUS, Fannie Mae DUS Multifamily Affordable Housing and Arbor Realty Trust Bridge programs.

Joe Charneski, vice president in Arbor’s New York, NY, office originated each of the loans. “As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today’s strong seniors housing market conditions,” Charneski said. “Arbor has the nationwide expertise that’s required to meet borrower demands no matter where they do business, including unique one-stop-shop bridge to permanent financing that satisfies investors short- and long-term financing needs.”

The loans included the following:

North Carolina

· Woodland Hollow Apartments - This 246-unit multifamily property received $7.6 million funded under the Fannie Mae DUS product line. The seven-year refinance loan amortizes on a 30-year schedule.

· Grand Oaks Apartments - This 243-unit multifamily property received $5.25 million funded under the Fannie Mae DUS product line. The seven-year refinance loan amortizes on a 30-year schedule.

Georgia

· Multifamily Property, College Park, GA – This 377-unit multifamily property received $7.6million funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

· Multifamily Property, College Park, GA – This 372-unit multifamily property received $6.735 million funded under the Arbor Realty Trust Bridge product line and is a 12-month acquisition loan.

· Cobblestone Apartment Homes, Marietta, GA - This 244-unit multifamily property received $5.5 million funded under the Fannie Mae DUS product line. The seven-year acquisition loan amortizes on a 30-year schedule.

· Orchard Brook, Gainesville, GA - This 115-unit multifamily property received $4.833 million funded under the Fannie Mae DUS product line. The seven-year acquisition loan amortizes on a 30-year schedule.

· Crogman School Lofts, Atlanta, GA - This 105-unit multifamily property received $3.378 million funded under the Fannie Mae DUS MAH product line. The 10-year acquisition loan amortizes on a 30-year schedule.

· Multifamily Property, Valdosta, GA – This multifamily property received $3.29 million funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

Alabama

· Multifamily Property, Mobile, AL – This multifamily property received $6.75 million funded under the Arbor Realty Trust Bridge product line and is a two-year acquisition loan.

Florida

· Planter’s Crossing, Tallahassee, FL - This 105-unit multifamily property received $4.762 million funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

Oklahoma

· Woodbrier Apartments, Oklahoma City, OK - This 128-unit multifamily property received $3.31 million funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

New York

· 2485 Elm Place, Bronx, NY - This 26-unit multifamily property received $2.3 million funded under the Freddie Mac Small Balance Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.

· 2408 & 2420 Webster Avenue, New York, NY - This 16-unit multifamily property received $1.85 million funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

· 2078 Vyse Avenue, Bronx, NY - This eight-unit multifamily property received $1 million funded under the Freddie Mac Small Balance Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

California

· 4415 Ambrose Avenue Apartments, Los Angeles, CA - This 11-unit multifamily property received $1.429 million funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

· 4423 Ambrose Avenue Apartments, Los Angeles, CA - This nine-unit multifamily property received $1.029 million funded under the Freddie Mac Small Balance Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

· 1554 Wilson Avenue Apartments, Glendale, CA - This nine-unit multifamily property received $1.367 million funded under the Freddie Mac Small Balance Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.