ARCS closes multifamily loans.

Howard Levine, President/CEO of ARCS Commercial Mortgage Co., announced financing for the Marymount Manor Apartments and Marymount Tower, 2 properties with a combined total of 212 units in Redwood City, CA.

Built in 1970 and 1964 respectively, both are mid-rise buildings and share the use of an outdoor pool which is located onsite at Marymount Manor Apartments.

Common amenities at the Marymount Manor Apartments also include an elevator and one laundry facility.

Common amenities at Marymount Tower include two elevators and one laundry facility.

The loans were originated by ARCS' San Francisco Office. The loans were for a 10 year terms/30 year amortization at a rate of 5.68%.

The loan will be repaid Interest Only for the first 2 years.

ARCS is one of America's leading commercial lenders, capable of providing Fannie Mae, Capital Markets, mezz & bridge financing, and even Freddie Mac in selected regions.

In 2005, ARCS provided more than $2.4 billion for 289 properties nationwide, making us the #1 DUS lender once again.

The company now services a portfolio valued at nearly $13 billion, representing almost 1,800 loans across 39 states.

ARCS is headquartered in Calabasas Hills, CA and has 10 branch locations: Bend, OR, Calabasas Hills, CA, Dallas, TX, Elk Rapids, MI, Orange County, CA, Princeton, NJ, Reno, NV, Rex, GA, San Francisco, CA, Troy, MI.