UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of four loans totaling $16,958,400 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines in Texas and Hawaii:
Maple Terrace Apartments, Dallas TX (top right photo) – The 81-unit complex received $4,696,000 funded under the Fannie Mae DUS® Loan product line. The seven-year loan amortizes on a 30-year schedule.
Ashton Place Apartments, Amarillo, TX (middle left photo) – The 62-unit complex received $1,250,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.
The loans were originated by Anthony Tarter, Director, in Arbor’s full-service Dallas, TX, lending office.
“This diverse group of our most recent deals included two well-located properties in Dallas, both of which were acquired with the assistance of our funding,” Tarter said.
“The Ashton Place Apartments in Amarillo, TX, were refinanced and feature a high occupancy as well as high-quality units.
“Meanwhile, for the refinance of the Honolulu Apartments, Arbor helped guide the new Fannie Mae borrower through the funding process, securing good terms during the course of the transaction.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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