PRESS RELEASE: Arbor Finances $65M in Multifamily Deals Across Each Region of the U.S.

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, and a national, direct commercial real estate lender, announced the recent funding of 18 loans totaling $64,957,500 across every region of the country. These diverse loans were funded under the Fannie Mae Delegated Underwriting & Servicing (DUS®), Fannie Mae DUS® Small Loan, Fannie Mae DUS® Student Housing and Arbor Commercial Mortgage CMBS product lines. These loans include:

Heatherton Estates Apartments, Florissant, MO – This 256-unit multifamily property received $8,500,000 funded under the Fannie Mae DUS® Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. The complex consists of 150 garden-style units and 106 townhouse units. The property is well located within the overall St. Louis county area and is located within close proximity to major transportation arteries.

803-13 Westwood Apartments, Clayton, MO – This 36-unit multifamily property received $3,125,000 funded under the Fannie Mae DUS® Small Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. The apartment complex is located approximately eight miles west of downtown St. Louis.

765 Westwood Apartments, Clayton, MO – This 33-unit multifamily property received $2,168,000 funded under the Fannie Mae DUS® Small Loan product line. The 15-year refinance loan amortizes on a 30-year schedule. The apartment complex is located approximately eight miles west of downtown St. Louis.

Pine Meadow Garden Apartments, St. Louis, MO – This 38-unit multifamily property received $1,685,000 funded under the Fannie Mae DUS® Small Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. Common amenities include three area washers and dryers and a tenant storage area.

Lindell Boulevard Apartments, St. Louis, MO – This 36-unit multifamily property received $2,428,500 funded under the Fannie Mae DUS® Student Housing Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. Lindell Boulevard Apartments is located less than four miles from Washington University and within one mile of St. Louis University. Common amenities include garage parking, personal storage lockers for each tenant, a security entry system and a central laundry facility.

Gessner Park Apartments, Houston, TX – This 224-unit multifamily property received $6,500,000 funded under the Fannie Mae DUS® Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property is located approximately 11 miles northwest of downtown Houston. Amenities include a swimming pool and deck with a charcoal grill and picnic table. Each apartment includes connections for full-size laundry equipment (washer/dryer).

Wildflower Apartments, Austin, TX – This 192-unit multifamily property received $5,720,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property is approximately 10 miles from Downtown Austin and is within close proximity to the Austin-Bergstom International Airport. General resident amenities include a pool and a central laundry.

Governor’s Apartments, Austin, TX – This 24-unit multifamily property received $3,561,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. One of the buildings on the property is the former Governor’s mansion and has an historic landmark designation. There complex offers a laundry room available in each residential building as well as a resident swimming pool.

Whitewood Oaks Apartments, San Antonio, TX – This 130-unit multifamily property received $3,060,000 funded under the Fannie Mae DUS® Loan product line. The seven-year refinance loan amortizes on a 25-year schedule. Amenities at Whitewood Oaks include two swimming pools, barbeque grills, carports and six laundry rooms, which are located inside each of the residential buildings.

Kerrybrook Apartments, San Antonio, TX – This 49-unit multifamily property received $1,540,000 funded under the Fannie Mae DUS® Small Loan product line. The 30-year refinance loan amortizes on a 30-year schedule. Kerrybrook Apartments is located approximately 10 miles north of downtown San Antonio.

2146-2148 Second Avenue, New York, NY – This 32-unit, 21,250-square foot mixed-use property received $6,300,000 funded under the Arbor CMBS loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Barbara Manor Apartments, Rochester, NY – This 56-unit multifamily property received $1,500,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Barbara Manor offers a central laundry area in each of its 11 separate buildings.

Whisperwood, Austell, GA – This 267-unit multifamily property received $4,500,000 funded under the Arbor CMBS loan product line. This 10-year refinance loan amortizes on a 30-year schedule.  Austell is located approximately 18 miles from Atlanta.

Gramercy Villas Apartments, Meridian, ID – This 48-unit multifamily property received $3,500,000 funded under the Fannie Mae DUS® Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The complex is well located approximately 15 minutes from downtown Boise, ID. Each unit within the apartment complex has a washer and dryer and includes stainless steel appliances, granite countertops and stained wooden cabinets.

Wilmington Villas Apartments, Wilmington, CA – This 20-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. The complex is approximately 21 miles south of downtown Los Angeles.

Riverside Regency Apartments, Sherman Oaks, CA – This 20-unit multifamily property received $1,500,000 funded under the Fannie Mae DUS® Small Loan product line. The 20-year refinance loan amortizes on a 20-year schedule. Riverside Regency Apartments include a pool located centrally in the property’s courtyard. With an accompanying picnic area with umbrella tables and a grill.

The Village Apartments, Arcata, CA – This 84-unit multifamily property received $1,250,000 funded under the Fannie Mae DUS® Small Loan product line. The 30-year refinance loan amortizes on a 30-year schedule.

All of the loans were originated by Brian Scharf, Vice President in Arbor’s Uniondale, NY office. “Arbor offers unique financing capabilities in the multifamily arena, as it offers one of the most diverse loan product lineups in the industry, from Fannie Mae to FHA to CMBS, Bridge and Mezzanine lending. Such diversity was key in providing these borrowers the right terms for their particular properties and investment scenarios,” Scharf said. “We are also able to combine such product diversity with our strong geographic reach, allowing us to provide our clients financing expertise wherever they do business.”

About Us
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in finance origination and loan servicing for multifamily and other diverse commercial assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender and a HUD-Approved LIHTC Lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of $10.4 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s. Arbor is also on the Standard & Poor’s Select Servicer List.

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.

Contact: Chris Ostrowski
Tel: (516) 506-4255
[email protected]

TAGS: Lending