$293m portfolio funding.

Arbor Commercial Funding, LLC announced the recent funding of a $293,800,000 portfolio under Fannie Mae's DUS[R] program to refinance 59 properties throughout the states of Georgia, Florida, Michigan, Indiana, Ohio and Kentucky.

The 10-year loans amortize on a 30-year schedule with four years of interest-only and carry a fixed-note rate of 5.72 percent.

"These permanent loans were for a valued, repeat client of Arbor and truly exhibit our ability to create one-stop shopping for our clients," said Fred Weber, executive vice president, Structured Finance.

"We financed the acquisition for our client and shortly thereafter provided this permanent refinance with nearly $300 million through our Fannie Mae product line. This involved an extremely aggressive 30-day schedule for underwriting and the simultaneous closing and funding of 59 different loans."