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%.