New York Real Estate Journal

Gillam of Arbor Commercial originates eight loans totaling $31.222 million

November 26, 2012 - Brokerage
Greg Gillam, a director at Arbor Commercial Funding, LLC has originated eight loans totaling $31.222 million under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS ARM 7-6 and Fannie Mae DUS Supplemental Loan product lines. These loans include: * 570 Knollview Court, Palmdale: This 144-unit multifamily property received a $9.024 million Fannie Mae DUS ARM 7-6 Loan. * 1801-1825 Morton Ave.: This 66-unit multifamily property received a $8.183 million Fannie Mae DUS Loan. * Garden Estates Apartments, Ventura: This 48-unit multifamily property received a $3.7 million Fannie Mae DUS Small Loan. * Madison at Green Valley Apartments, Henderson, NV: This 88-unit multifamily received a $3.6 million Fannie Mae DUS Loan. * Woodcrest Apartments, Las Cruces, NM: This 96-unit multifamily property received a $3 million Fannie Mae DUS Small Loan. * 13260 Maclay St., Los Angeles: This 22-unit multifamily property received a $1.335 million Fannie Mae DUS Small Loan. * Tuscany Villa Apartments, West Covina: This 165-unit multifamily property received a $1.28 million DUS Supplemental Loan. * The Arbors, Davis: This 120-unit multifamily property received a $1 million Fannie Mae DUS Small Loan. "These loans are examples of Arbor and Fannie Mae's effort to finance well-maintained properties that provide affordable market-rate housing throughout the California, Nevada and New Mexico rental markets," Gillam said.