Arbor Closes Nine Fannie Mae DUS® Loans Totaling $32.9M Across U.S.

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of nine loans totaling $32,902,500 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines across the United States:

Creekwood Landing Apartments, Richwood, TX (top left photo) – The 256-unit complex received $7,117,500 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule.

Sunset Place Apartments, West Palm Beach, FL (middle right map) – The 192-unit complex received $6,500,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule and provided the borrower with a cash-out refinance opportunity after a long-term hold.

Olive Tree Apartments, Lauderhill, FL (lower left photo)– The 88-unit complex received $3,300,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.

Crooke-Woodruff Apartments, Brooklyn, NY – The 107-unit complex received $6,400,000 funded under the Fannie Mae DUS® Loan product line. The five-year loan amortizes on a 30-year schedule.

Bushwick Avenue Apartments, Brooklyn, NY – The 12-unit complex received $2,120,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

Mountainbrow Village, Corning, NY – The 57-unit complex received $1,690,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

148-152 Elm St., Yonkers, NY – The 20-unit complex received $1,200,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

1145 Dean Street Apartments, Brooklyn, NY – The 10-unit complex received $1,125,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule.

Blackwolf Run II-6, Raleigh, NC – The 39-unit complex received $3,450,000 funded under the Fannie Mae DUS® Loan product line. The nine-year refinance loan amortizes on a 30-year schedule for this repeat Arbor borrower.

The loans were originated by Alexander Kaushansky, Director, in Arbor’s full-service New York, NY, lending office.

 “With each of these geographically diverse transactions, Arbor was happy to provide the borrowers with the strongest financing terms available in the marketplace,” Kaushansky said.

 “In the case of the Florida and Texas transactions, the broker in these deals played an integral part in making the funding process seamless for all parties.

“And with regard to the Elm Street, Dean Street and Bushwick Avenue transactions, each involved a distressed asset acquisition where the borrowers provided significant equity investments for capital improvements. We were happy to provide permanent financing in each of these deals.”

Contact:  Christopher Ostrowski, costrowski@arbor.com