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Arbor funds $101m in multifamily loans across the US.

Arbor Commercial Mortgage, announced the recent funding of 21 loans totaling $100,946,800 across the US under the Fannie Mae Delegated Underwriting & Servicing (DUS[R]) Loan, Fannie Mae DUS Multifamily Affordable Housing, Fannie Mae DUS Small Loan, Fannie Mae DUS ARM, Fannie Mae DUS Student Housing Loan, Freddie Mac Loan, Freddie Mac Small Balance Loan and Arbor Realty Trust's Bridge programs.

Alex Kaushansky, Vice President in Arbor's New York City office, originated all of the loans. "Arbor has the nationwide expertise that's required to meet borrower demands no matter where they do business, including the thriving multifamily markets found across the South,.

"As demonstrated by this collection of loans, Arbor is providing investors the personal service and customized loan products they need to take advantage of today's strong multifamily market conditions."

* Multifamily Property, Binghamton, NY -- This 716-unit property received $12,200,000 under Arbor Realty Trust's Bridge product.

* Sutton Place Apartments, Corpus Christi, TX -- This 201-unit multifamily property received $10,750,000 funded under the Fannie Mae DUS Loan product line. The 12year refinance loan amortizes on a 30-year schedule.

* Prairie Estates Townhomes, Grand Prairie, TX -- This 160-unit multifamily property received $8,400,000 funded under the Fannie Mae DUS Affordable Housing product line. The 10-year refinance loan amortizes on a 30-year schedule.

* Fox Creek Apartments, Carrollton TX-This 172-unit multifamily property received $7,090,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

* La Ventana Apartments, Dallas, TX -- This 87-unit multifamily property received $2,500,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 10-year schedule.

* Broadway Square Apartments, Houston, TX -- This 2,470-unit multifamily property received $1,500,000 funded under the Fannie Mae Small Loan product line. The seven-year acquisition loan amortizes on a 25-year schedule.

* Sunriser Apartments, Sunrise, FL -- This 77-unit multifamily property received $3,850,000 funded under the Fannie Mae DUS Loan product line. The 10-year loan amortizes on a 30-year schedule.

* Casa Del Toro, Tampa, FL -- This multifamily property received $3,481,400 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

* Riverside Apartments, Fort Lauderdale, FL -- This 32-unit multifamily property received $2,325,000 funded under the Freddie Mac Small Loan product line. The 10-year acquisition loan amortizes on a 10-year schedule.

* Boca Raton Apartments, Boca Raton, FL -- This multifamily property received $1,167,000 fiinded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

* Reserve at Cavalier, Greenville, SC -- This 152-unit multifamily property received $5,685,600 funded under the Fannie Mae DUS Loan product line. The 10year acquisition loan amortizes on a 30-year schedule.

* Hampton Forest Apartments, Greenville, SC -- This 152-unit property received $4,420,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

* University Commons, Greenwood, SC--This 106-unit multifamily property received $3,148,000 funded under the Fannie Mae DUS Student Housing Loan product line. The seven-year loan amortizes on a 30-year schedule.
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Comment:Arbor funds $101m in multifamily loans across the US.
Publication:Real Estate Weekly
Date:Oct 7, 2015
Words:522
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