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Brokerage
Posted: August 7, 2009
Arbor completes two Fannie Mae loans in Las Vegas totaling $47.493m
Arbor Commercial Funding, closed on two loans totaling $47.493 million under the Fannie Mae DUS MBS product line. These loans include:
* La Villa Estates: A 336-unit complex in the amount of $23.5 million. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.46%.
* San Tropez Apartments: A 336-unit complex in the amount of $23.993 million. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99%.
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