Edwards of Arbor funds three Fannie Mae loans totaling $16.11 million
Arbor Commercial Funding, LLC has funded three loans totaling $16.11 million under the Fannie Mae DUS Loan, Fannie Mae DUS Dedicated Student Housing and Fannie Mae DUS Small Loan product lines:
* Legacy Park Apartments, Winston-Salem, NC: The 198-unit complex received $11 million funded under the Fannie Mae DUS Loan product line.
* Spartan Crossing, Greensboro, NC: The 116-unit complex received $3.7 million funded under the Fannie Mae DUS Dedicated Student Housing Loan product line. The property serves students attending the University of North Carolina at Greensboro.
* Sunnybrook Apartments, Fayetteville, NC:The 24-unit complex received $1.41 million funded under the Fannie Mae DUS Small Loan (8.3% Military Concentration) product line.
The loans were originated by John Edwards, VP, in Arbor's full-service Boston, Mass., lending office.
"Arbor's team effort provided our clients with terms that surpassed the competition in an extremely timely manner," Edwards said. "We were most pleased with the opportunity to once again demonstrate to the marketplace our focus and determination when presented with exciting financing opportunities."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.