Arbor finances $197.6M in multifamily deals across all regions

Arbor Commercial Funding, LLC announced the recent funding of 31 loans totaling $197,558,000 under a variety of financing programs, including the Fannie Mae Delegat Underwriting & Servicing (DUS) Loan, Fannie Mae DUS Small Loan, Fannie Mae DUS Student Housing, Fannie Mae DUS Supplemental, Fannie Mae DUS Military Housing,  Fannie Mae DUS Multifamily Affordable Housing and Arbor Realty Trust Bridge product lines.

 All of the loans were originated by Stephen York, vice president in Arbor’s New York City office. “Arbor strives to provide all of our clients with the loan product that is best for them nationwide,” York said. “With such a diverse product line, we have something that fits every borrower need, no matter the loan size or the property location.”

 The loans include:

• Multifamily Property, New York, NY – This 64-unit multifamily property received $55,000,000 funded under the Arbor Realty Trust Bridge Loan product line. The three-year loan was for a new acquisition.

• Briarwood Hills Apartments, North Haven CT – This 176-unit multifamily property received $11,865,000 funded under the Fannie Mae DUS Loan product line. The10-year acquisition loan amortizes on a 30-year schedule.

• 18 Niles Street & 70 Gillet Street, Hartford, CT – This 58-unit multifamily property received $1,560,000 funded under the Fannie Mae DUS Small Loan product line.The 10-year acquisition loan amortizes on a 30-year schedule.

• Multifamily Property, Montgomery, AL – This 392-unit multifamily property received $10,800,000 funded under the Arbor Realty Trust Bridge Loan product line. The three-year loan was for a new acquisition.

• Sunrise Point Apartments, Birmingham, AL – This 344-unit multifamily property received $7,919,400 funded under the Fannie Mae DUS ARM 7/6 Loan product line.  The seven-year acquisition loan amortizes on a 30-year schedule.
• 555 Shore Road Apartments, Somers Point, NJ – This 202-unit multifamily property received $9,459,300 funded under the Fannie Mae DUS Loan product line. The10-year refinance loan amortizes on a 30-year schedule. 

• University Place Apartments, Huntsville, TX – This 305-unit multifamily property received $7,935,500 funded under the Fannie Mae DUS Student Housing Loanproduct line. The 10-year refinance loan amortizes on a 30-year schedule.

• LaSalle Villas Apartments, Lubbock, TX – This 166-unit multifamily property received $7,500,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• The Village at Loch Katrine, Houston, TX – This 276-unit multifamily property received $6,773,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• Diamond Place Apartments, Sherman, TX – This 232-unit multifamily property received $5,400,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• Villa Bonita Apartments, Dallas, TX – This 232-unit multifamily property received $4,132,000 funded under the Fannie Mae DUS Loan product line. The five-year acquisition loan amortizes on a 30-year schedule.

• Timbercrest Apartments, Palestine, TX – This 144-unit multifamily property received $4,100,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 25-year schedule.

• Renaissance Apartments, Killeen, TX – This 133-unit multifamily property received $3,516,000 funded under the Fannie Mae DUS Military Loan product line. The10-year refinance loan amortizes on a 30-year schedule.

• Temple Apartments, Temple, TX – This 153-unit multifamily property received $3,330,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• Santa Fe Apartments, Huntsville, TX – This 138-unit multifamily property received $3,300,000 funded under the Fannie Mae DUS Student Housing Loan product line.The 10-year refinance loan amortizes on a 30-year schedule.

• Eagle Crest Apartments, Bellmead, TX – This 149-unit multifamily property received $3,200,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• 9502 University Avenue Apartments, Lubbock, TX – This 54-unit multifamily property received $2,640,700 funded under the Fannie Mae DUS Loan product line.  The 10-year acquisition loan amortizes on a 30-year schedule. 

• Oak Forest Apartments, Bryan, TX – This 72-unit multifamily property received $1,800,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• 2410 87^th Street Apartments, Lubbock, TX – This 31-unit multifamily property received $1,390,800 funded under the Fannie Mae DUS Loan product line.  The 10-year acquisition loan amortizes on a 30-year schedule. 

• Townhomes at O’Neil Terrace, Lubbock, TX – This 92-unit multifamily property received $608,000 funded under the Fannie Mae DUS Supplemental Loan productline. The seven-year, four-month loan amortizes on a 30-year schedule.

• Multifamily Property, Gainesville, FL – This 172-unit multifamily property received $4,550,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a new acquisition.

• 1720 Cleveland Street Apartments, Hollywood, FL – This 48-unit multifamily property received $2,080,000 funded under the Fannie Mae DUS Small Loan productline. The 10-year refinance loan amortizes on a 30-year schedule.

• Gardens at Stirling Apartments, Davie, FL – This 30-unit multifamily property received $1,980,000 funded under the Fannie Mae DUS Loan product line.  The 12-year refinance amortizes on a 30-year schedule. 

• Winter Garden Apartments, Winter Garden, FL – This 64-unit multifamily property received $1,430,000 funded under the Fannie Mae DUS Small Loan product line.The 30-year refinance loan amortizes on a 30-year schedule.

• Westwood Apartments, Kansas City, KS – This 168-unit multifamily property received $4,532,000 funded under the Fannie Mae DUS Loan product line. The 20-year acquisition loan amortizes on a 30-year schedule.

• Palatine Park Apartments, Palatine, IL – This 62-unit multifamily property received $4,000,000 funded under the Fannie Mae DUS Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

• 6100 North Paulina Apartments, Chicago, IL – This 23-unit multifamily property received $1,421,000 funded under the Fannie Mae DUS Small Loan product line.  The 10-year acquisition amortizes on a 30-year schedule. 

• Multifamily Property, Evansville, IN – This 42-unit multifamily property received $3,900,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was used for a refinancing.

• Keystone Landing Apartments, Memphis, TN – This 150-unit multifamily property received $3,500,000 funded under the Fannie Mae DUS Affordable Housing Loanproduct line. The seven-year acquisition loan amortizes on a 30-year schedule.

• Hearthstone Apartments, Blacksburg, VA – This 58-unit multifamily property received $3,410,000 funded under the Fannie Mae DUS Student Housing Loan productline. The 10-year refinance loan amortizes on a 30-year schedule.

• Colonial Point Apartments, Gloucester, VA – This 56-unit multifamily property received $2,700,000 funded under the Fannie Mae DUS Small Loan product line. The10-year refinance loan amortizes on a 30-year schedule.

• Eagle Crest Apartments, Oklahoma City, OK – This 72-unit multifamily property received $1,950,000 funded under the Fannie Mae DUS Small Loan product line. The10-year refinance loan amortizes on a 30-year schedule.