Housing institute names ARCS Community Lender of the Year.

Howard Levine, President/CEO of ARCS Commercial Mortgage Co., L.P announced that The Manufactured Housing Institute had named ARCS Commercial Mortgage their Community Lender of the Year for the second year in a row. Holli Leon, ARCS' EVP of loan production, accepted the award at MHI's National Congress and Expo early April in Las Vegas.

"We're honored to be recognized, especially two years in a row," re marked Leon. "Manufactured housing is an important and emerging industry helping to fill America's affordability gap. We're proud to do our part and provide flexible financing for these communities.

"We're also fortunate to have loan officers throughout our organization committed to manufactured housing communities. Noteworthy is Lou Vela, a respected industry professional with a wide range of experience."

Lou Vela currently heads ARCS Troy, Ml office, bringing over 25 years of top-level experience. In 2005, Vela closed several transactions, with one extraordinary transaction in Grayslake, IL: $75 million for Saddlebrook Farms MHC, a 700 acre senior manufactured housing community with 1,435 developed home sites located in the Chicago/Milwaukee corridor.

ARCS is one of America's leading commercial property lenders with an acknowledged expertise in multifamily lending. The company offers Fannie Mae, Freddie Mac (in select regions), FHA, capital markets and mezz & bridge financing.

In 2005, ARCS provided more than $2.4 billion for 289 properties nationwide, including $150 million for MHCs. The company now services a portfolio of nearly $13 billion for almost 1800 loans nationwide.