Arbor Commercial funds seven FHA-insured loans totaling $49.608 million

Arbor Commercial Mortgage, LLC has funded seven FHA-insured multifamily loans totaling $49.608 million: * Shafer Grace, Richmond, VA: This 152-unit multifamily apartment complex received a total of $22.039 million funded under the FHA 221 product line. The 40-year new construction loan amortizes on a 40-year schedule. The loan was originated by Hal Reinauer, director in Arbor's Boston office. * Chesterfield Gardens Apartments, Chester, VA: This 105-unit multifamily property received $7.282 million funded under the FHA 223 product line. The 37-year refinance loan amortizes on a 37-year schedule. The complex is a garden-style property. The loan was originated by Reinauer. * Capital Villa Apartments, East Lansing, MI: This 172-unit multifamily apartment complex received a total of $8.16 million funded under the FHA 223 product line. The 35-year refinance loan amortizes on a 35-year schedule. The loan was originated by Michael Jehle, Midwest regional director in Arbor's Bloomfield Hills, MI, office. * Burnt Tree Apartments, East Lansing, MI: This 96-unit multifamily property received $3.75 million funded under the FHA 223 product line. The 35-year refinance loan amortizes on a 35-year schedule. The loan was originated by Jehle. * Country View Apartments, Savage, MN: This 58-unit multifamily property received $3.057 million funded under the FHA 223 product line. The 30-year refinance loan amortizes on a 30-year schedule. The complex is a garden-style property. The loan was originated by Phillip Gause, director in Arbor's Philadelphia office. * Arbors at Evansville Apartments, Evansville, IN: This 150-unit multifamily property received $2.96 million funded under the FHA 223 product line. The 30-year refinance loan amortizes on a 30-year schedule. The complex provides either a balcony or patio for all units and is approximately two hours from Louisville, KY. * Arbors at Red Bank Apartments, Evansville, IN: This 88-unit multifamily property received a total of $2.36 million funded under the FHA 223 product line. The 30-year refinance loan amortizes on a 30-year schedule. "As seen by our most recent group of funding transactions, Arbor's robust FHA financing platform has been able to deliver diverse loan products to suit our borrowers' unique needs throughout the country," said Joseph Donovan, Arbor's senior vice president and director of FHA Lending. "From refinance to new construction, the FHA platform is consistently able to achieve the financial goals multifamily borrowers seek in today's strong market." As an approved FHA Multifamily Accelerated Processing ("MAP") Lender, Arbor's FHA group provides all FHA-insured Multifamily and Healthcare facility loan programs on an expedited basis. Arbor also offers the unique "Bridge to HUD/FHA Exit" program. This program is designed to effectively solve the timing issue associated with closing FHA loans by providing a bridge loan to facilitate a quick closing on an acquisition. Borrowers who are looking to complete repairs and/or reposition a property can also use a bridge loan to facilitate a maximum FHA refinance loan.