Uniondale, NY (May 23, 2011) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of 10 loans totaling $27,730,400 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines across the Pacific Northwest, Alabama and Colorado:
Pacific Northwest
Cascade Meadow Apartments, Woodburn, OR (top left photo) – The 200-unit complex received $11,775,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Four Seasons Apartments, SeaTac, WA (top right photo) – The 61-unit complex received $2,490,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Glenn Apartments, Portland, OR (middle left photo) – The 23-unit complex received $2,312,500 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Carriage Estates, Wilsonville, OR – The 37-unit complex received $1,992,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Sunview Apartments, Seattle, WA – The 37-unit complex received $1,693,200 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Inverness Apartments, Portland, OR – The 12-unit complex received $837,700 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
Regis Arms Apartments, Hillsboro, OR – The 20-unit complex received $800,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
Alabama
Edgewood Villas, Mobile, AL (middle right photo) – The 103-unit complex received $1,530,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
The Birches Apartments, Scottsboro, AL – The 88-unit complex received $1,300,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 25-year schedule.
Colorado
Park Athmar Apartments, Denver, CO (lower left photo) – The 84-unit complex received $3,000,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
All of the loans were originated by Brian Scharf (bottom right photo), Director, in Arbor’s full-service Uniondale, NY, lending office.
“The package of recently close DUS® loans covered a broad diversity of loan sizes as well as geographies, from the Pacific Northwest to the Southeast and in between,” Scharf said.
“This varied array, based on both size and location, is a testament to Arbor's ability to offer everything Fannie Mae does. Our familiarity with all markets and loan sizes continues to strengthen our competitive advantage at a time when many of our competitors are limiting their focus.”
Contact: Christopher Ostrowski, costrowski@arbor.com
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