Arbor Funds Over $100 million in Multifamily Transactions

 

Florida - Skyline

Florida – Skyline

On the heels of funding $200 million in multifamily loans across five states, Arbor Commercial Mortgage, LLC just announced the funding of over $100 million for 21 loans across Alabama, Texas, The Carolinas, Florida, Georgia, Michigan and New York. The most recent production of loans was funded through the following programs:  Fannie Mae Delegated Underwriting & Servicing (DUS®) 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 Loan. Alex Kaushansky, Vice President in Arbor’s New York City office, originated the loans.

Arbor’s high level of proficiency in meeting multifamily demands across the United States, the South and other regions involved in this transaction demonstrates the excellence in customizable loan products and personalized customer service Arbor offers its borrowers. Arbor’s success in multi-million dollar funding is in large part a product of the fundamentally strong multifamily market.

Some of the properties that made up this most recent group of Arbor funding transactions include:

  •         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 12-year 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 funded 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 10-year acquisition loan amortizes on a 30-year schedule.
  •         Hampton Forest Apartments, Greenville, SC – This 152-unit multifamily 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 acquisition loan amortizes on a 30-year schedule. The property serves Lander University students.
  •         Timberchase Apartments, Birmingham, AL – This 94-unit multifamily property received $3,975,800 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
  •         Eagle Point Apartments, Hueytown, AL – This 68-unit multifamily property received $1,894,000 funded under the Freddie Mac Small Loan product line. The 10-year refinance loan amortizes on a 10-year schedule.
  •         Alexander Court Apartments, Dothan, AL – This multifamily property received $1,600,000 funded under the Fannie Mae Affordable Housing product line. The seven-year refinance loan amortizes on a 30-year schedule.
  •         Timberland Apartments, Savannah, GA – This 176-unit multifamily property received $8,920,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
  •         Edgewater Trace Apartments, Savannah, GA– This 159-unit multifamily property received $8,240,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
  •         Multifamily Property, Binghamton, NY – This 716-unit multifamily property received $12,200,000 funded under Arbor Realty Trust’s Bridge Loan product line.
  •         Somerset Apartments, Charlotte, NC – This 240-unit multifamily property received $5,785,000 funded under the Fannie Mae DUS ARM Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.
  •         Campus Apartments, Columbus, OH – This 54-unit multifamily property received $2,835,000 funded under the Fannie Mae DUS Student Housing Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property serves Ohio State University students.
  •         Woodland Square Apartments, Pontiac, MI – This multifamily property received $1,000,000 funded under the Freddie Mac Small Loan product line. The 10-year refinance loan includes full-term interest only.

About Us

Arbor Commercial Mortgage, LLC also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in mortgage-related securities, real estate-related bridge, junior participating interests in first mortgages, mezzanine loans, preferred and direct equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, with full-service lending offices throughout the United States.  For more information about Arbor, visit www.arbor.com.