
February 24, 2014 -
New York City
Arbor Commercial Funding, LLC has funded of 30 loans totaling $142.558 million under a variety of financing programs, including the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Student Housing, Fannie Mae DUS Supplemental, Fannie Mae DUS Military Housing, Fannie Mae DUS Multifamily Affordable Housing and Arbor Realty Trust Bridge product lines.
All of the loans were originated by Stephen York, VP in Arbor's N.Y.C. office. "Arbor strives to provide all of our clients with the loan product that is best for them nationwide," York said. "With such a diverse product line, we have something that fits every borrower need, no matter the loan size or the property location."
Some of the loans include:
* Briarwood Hills Apartments, North Haven, CT: The 176-unit multifamily property received $11.865 million funded under the Fannie Mae DUS Loan product line.
* 18 Niles St.& 70 Gillet St., Hartford, CT: This 58-unit multifamily property received $1.56 million funded under the Fannie Mae DUS Small Loan product line.
* A multifamily property, Montgomery, AL: This 392-unit property received $10.87 million funded under the Arbor Realty Trust Bridge Loan product line.
* Sunrise Point Apartments, Birmingham, AL: This 344-unit multifamily property received $7.919 million funded under the Fannie Mae DUS ARM 7/6 Loan product line.
* 555 Shore Rd. Apartments, Somers Point, N.J.: This 202-unit multifamily property received $9.459 million funded under the Fannie Mae DUS Loan product line.
* University Place Apartments, Huntsville, Tex.: This 305-unit multifamily property received $7.936 million funded under the Fannie Mae DUS Student Housing Loan product line.
* LaSalle Villas Apartments, Lubbock, Tex.: This 166-unit multifamily property received $7.5 million funded under the Fannie Mae DUS Loan product line.
* The Village at Loch Katrine, Houston, Tex.: This 276-unit multifamily property received $6.773 million funded under the Fannie Mae DUS Loan product line.
* Diamond Place Apartments, Sherman, Tex.: This 232-unit multifamily property received $5.4 million funded under the Fannie Mae DUS Loan product line.
* Villa Bonita Apartments, Dallas, Tex.: This 232-unit multifamily property received $4.132 million funded under the Fannie Mae DUS Loan product line.
* Timbercrest Apartments, Palestine, Tex.: This 144-unit multifamily property received $4.1 million funded under the Fannie Mae DUS Loan product line.
* Renaissance Apartments, Killeen, Tex.: This 133-unit multifamily property received $3.516 million funded under the Fannie Mae DUS Military Loan product line.
* Temple Apartments, Temple, Tex.: This 153-unit multifamily property received $3.33 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Santa Fe Apartments, Huntsville, Tex.: This 138-unit multifamily property received $3.3 million funded under the Fannie Mae DUS Student Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Eagle Crest Apartments, Bellmead, Tex.: This 149-unit multifamily property received $3.2 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* 9502 University Ave. Apartments, Lubbock, Tex.: This 54-unit multifamily property received $2.641 million funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
* Oak Forest Apartments, Bryan, Tex.: This 72-unit multifamily property received $1.8 million funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* 2410 87th St. Apartments, Lubbock, Tex.: This 31-unit multifamily property received $1.391 million funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
* Townhomes at O'Neil Terrace, Lubbock, Tex.: This 92-unit multifamily property received $608,000 funded under the Fannie Mae DUS Supplemental Loan product line. The seven-year, four-month loan amortizes on a 30-year schedule.
* Multifamily property, Gainesville, Fla.: This 172-unit multifamily property received $4.55 million funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a new acquisition.
* 1720 Cleveland Street Apartments, Hollywood, Fla.: This 48-unit multifamily property received $2.08 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Gardens at Stirling Apartments, Davie, Fla.: This 30-unit multifamily property received $1.98 million funded under the Fannie Mae DUS Loan product line. The 12-year refinance amortizes on a 30-year schedule.
* Winter Garden Apartments, Winter Garden, Fla.: This 64-unit multifamily property received $1.43 million funded under the Fannie Mae DUS Small Loan product line. The 30-year refinance loan amortizes on a 30-year schedule.
* Westwood Apartments, Kansas City, KS: This 168-unit multifamily property received $4.532 million funded under the Fannie Mae DUS Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.
* Palatine Park Apartments, Palatine, IL: This 62-unit multifamily property received $4 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* 6100 North Paulina Apartments, Chicago, IL: This 23-unit multifamily property received $1.421 million funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition amortizes on a 30-year schedule.
* Multifamily property, Evansville, IN: This 42-unit multifamily property received $3.9 million funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was used for a refinancing.
* Keystone Landing Apartments, Memphis, TN: This 150-unit multifamily property received $3.5 million funded under the Fannie Mae DUS Affordable Housing Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
* Hearthstone Apartments, Blacksburg, VA: This 58-unit multifamily property received $3.41 million funded under the Fannie Mae DUS Student Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Colonial Point Apartments, Gloucester, VA: This 56-unit multifamily property received $2.7 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Eagle Crest Apartments, Oklahoma City, OK: This 72-unit multifamily property received $1.95 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* The Deerfield Village Townhomes, Sikeston, MO: This 48-unit multifamily property received $2.763 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Thomasville Church Homes, Thomasville, NC: This 100-unit multifamily property received $1.825 million funded under the Fannie Mae DUS Multifamily Affordable Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Ashebury Villas, Asheville, NC: This 27-unit multifamily property received $1.425 million funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* Ashebury Villas II, Arden, NC: This 10-unit multifamily property received $662,500 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
* 221-223 Hoover St. Apartments, Old Forge, PA: This 32-unit multifamily property received $1.8 million funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
* Bancroft Court, Baltimore, MD: This 22-unit multifamily property received $1.4 million funded under the Fannie Mae DUS Small Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.