Arbor Finances $128.9M in Multifamily Deals Nationwide
UNIONDALE, NY (Sept. 30, 2014) – 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 14 loans totaling $128,872,739 under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, Fannie Mae DUS Dedicated Student Housing Loan, CMBS Loan and Arbor Realty Trust Loan Bridge product lines.
All of the loans were originated by Joe Charneski, Vice President in Arbor’s New York City office. “Deal by deal, borrowers require a variety of different loan product types to fit their individual needs and investment strategies in today’s market, including both permanent and interim loans. Such was the case with these most recent funding transactions,” Charneski explained. “The transactions also took place across a vast array of markets nationwide. Being able to serve your borrowers wherever their business takes them is critical for a multifamily lender that prides itself on personalized and customized service.”
- Shoreline Apartments, Tulsa, OK – This 464-unit multifamily property received $13,090,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule.
- Parklane Apartments, Columbia, SC – This 288-unit multifamily property received $9,400,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
- Multifamily Property, Columbia, SC – This 259-unit multifamily property received $4,885,800 funded under the Arbor Bridge Loan product line. The two-year loan was for a new acquisition.
- Multifamily Property, Columbia, SC – This 152-unit multifamily property received $2,740,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a new acquisition.
- Fairhaven Gardens, Concord, MA – This 42-unit multifamily property received $8,010,000 funded under the Fannie Mae DUS Loan product line. The 12-year refinance loan amortizes on a 35-year schedule.
- Royale Apartments, Cranston, RI – This 75-unit multifamily property received $5,370,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
- Arbor Commons & Pinney Brook, Ellington, CT – This 63-unit multifamily property portfolio received $3,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.
- The Lofts Apartments, Morgantown, WV – This 648-unit multifamily property, which serves West Virginia University, received $1,118,000 funded under the Fannie Mae DUS Dedicate Student Supplement Loan product line. The eight-year, five-month supplemental loan amortizes on a 30-year schedule.
- Multifamily Portfolio, Austin, TX – This 668-unit multifamily portfolio received $36,000,000 funded under Arbor’s CMBS Loan product line. The five-year refinance loan amortizes on a 30-year schedule.
- Multifamily Property, Houston, TX – This 439-unit multifamily property received $10,700,000 funded under the Arbor Realty Trust Bridge Loan product line. The 30-month loan was for a new acquisition.
- Multifamily Property, Cary, NC – This 360-unit multifamily property received $19,300,000 funded under the Arbor Realty Trust Bridge Loan product line. The three-year loan was for a new acquisition.
- Multifamily Property, Atlanta, GA – This 392-unit multifamily property received $10,000,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a new acquisition.
- Multifamily Property, East Point, GA – This 120-unit multifamily property received $1,268,939 funded under the Arbor Realty Trust Bridge Loan product line. The one-year loan was for a new acquisition.
- Multifamily Property, Montgomery, AL – This 242-unit multifamily property received $3,990,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan was for a new acquisition.
About Us
Founded by Chairman and CEO Ivan Kaufman, Arbor Commercial Mortgage, LLC and Arbor Commercial Funding, LLC are national direct lenders specializing in loan origination and servicing for multifamily and other diverse commercial real estate assets. Arbor is a 2013 Top 10 Fannie Mae DUS® Multifamily Lender by volume, a Freddie Mac Program Plus® Seller/Servicer, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge and Mezzanine lender, consistently building on its reputation for service, quality and flexibility. With a current servicing portfolio of more than $10 billion, Arbor is a primary commercial loan servicer and special servicer rated by Fitch Ratings and Standard & Poor’s and holds an Above Average rating from 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.