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Arbor refis portfolio.


Arbor Refinances $11,376,100 Section 202 Portfolio via FHA See Federal Housing Administration.

FHA

See Federal Housing Administration (FHA).
 Section 223(f)

Arbor Commercial Mortgage, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 announced the recent refinancing of a $11,376,100 portfolio of HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God.  Section 202 loans under its FHA Section 223(f) product line.

All of the properties are owned by non-profit entities and are designated as affordable/subsidized housing for senior citizens.

The purpose of the refinance was to lower the interest rates and provide capital for repairs and renovations in the future.

The loans were 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
, Regional Director, FHA Lending Southwest Region, in Arbor's full-service Dallas lending office.

"This portfolio of loans was put together by the Oklahoma Housing Finance Agency Oklahoma Housing Finance Agency is a non-profit organization which serves the people of Oklahoma by offering affordable housing resources. This state trust, which opened its doors in 1976, administers the Section 8 program which aids 25,000 families annually with rental assistance.  and Morgan Keegan & Co. The Oklahoma City HUD team was extremely timely and diligent in the processing of these loans," said Jones.

"The combination of a very experienced management agent, HUD staff and Arbor's team was able to overcome some last minute challenges and deliver a seamless execution for the non-profit owners."
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Mar 1, 2006
Words:164
Previous Article:$10M city condo deal.
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