3,128 MF UNITS ACQUIRED

by admin

MIDLAND, ODESSA AND LONGVIEW, TEXAS — Arbor Commercial Funding LLC (Arbor), a subsidiary of Arbor Commercial Mortgage LLC, has arranged approximately $130.6 million in financing for the acquisition of a 21-property multifamily portfolio in Texas. The properties, known as the Midland/Odessa Portfolio, house a total of 3,128 units located in Midland, Odessa and Longview. The 10-year loan was originated by Jay Porterfield of Arbor’s Plano, Texas, office through Fannie Mae. The borrower was undisclosed.

You may also like