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Posted: April 11, 2011
Gillam of Arbor places five multifamily loans totaling $43.242 million
Arbor Commercial Funding, LLC has funded five multifamily loans totaling $43.242 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines:
* Tustin portfolio: The three-building, 117-unit portfolio received $15.5 million.
* Tuscany Villas, West Covina: The 165-unit complex received $13.6 million.
* Bayside Terrace Apartments, San Pedro: The 99-unit complex received $9.6 million.
* Eddy St. Apartments, San Francisco: The 19-unit complex received $2.442 million.
* Sherman Grove Apartments, Sunland: The 71-unit complex received $2.1 million
The loans were originated by Greg Gillam, director, of Arbor's Manhattan Beach lending office.
"These loans are examples of Fannie Mae's effort to provide financing for well-maintained properties that provide affordable market-rate housing for the California rental market," Gillam said.
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