ARBOR ARRANGES FANNIE MAE LOAN FOR AUSTIN APARTMENT PROPERTY

by admin

AUSTIN, TEXAS — Arbor Commercial Funding has arranged $1.65 million in Fannie Mae DUS financing for Austin Pacifica Apartments, a 102-unit multifamily community located in Austin. The loan carries a 10-year term, a 25-year amortization schedule and a 5.67 percent interest rate. It was originated by Jay Porterfield of Arbor's Plano, Texas, office on behalf of the undisclosed borrower.

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