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Arbor closes $7m loan.


Arbor arbor

Garden shelter providing privacy and partial protection from the weather, most commonly a lightweight, latticed framework (trellis) of wood or metal with interlaced branches of vines or climbing shrubs trained over it.
 Commercial Mortgage, announced the recent funding of a $7,065,200 loan under FHA See Federal Housing Administration.

FHA

See Federal Housing Administration (FHA).
 Section 221(d)(4) product line for the construction of a 128- unit, market-rate complex known as Crestview Crestview is the name of 2 places in the United States:
  • Crestview, Florida
  • Crestview, Kentucky
Crestview is the name of 2 school districts in the United States:
  • Crestview Local School District, Van Wert County, Ohio
 Apartments, Decatur, TX.

Following the construction period the loan converts to a fully amortizing 40-year structure. The fixed note rate of 5.75% was locked prior to the start of construction.

The loan was originated by Jeff Jones There are several notable people named Jeff Jones, including:
  • Jeff Jones (actor)
  • Jeff Jones (artist)
  • Jeff Jones (cricketer)
  • Jeff Jones (Welsh politician)
  • Jeff Jones (baseball coach), a coach for the Detroit Tigers and former pitcher for the Oakland A's
, FHA Southwest Regional Director, and was underwritten in Arbor's full-service Dallas, TX lending office.

"This project is a result of the growth northwest from Dallas. Housing demand drivers like the Alliance Airport Industrial Facility continue to expand and no multifamily units have been built in Decatur in almost 20 years.

We believe Crestview will do very well," said Jones.
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Article Details
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Title Annotation:Arbor Commercial Mortgage
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 20, 2005
Words:130
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