UNIONDALE, N.Y. — Arbor Commercial Funding LLC has funded six loans totaling $31.1 million for apartment properties in North Carolina and Kentucky. Michael Zysman of Arbor Commercial Mortgage originated all six loans. The loans included:
· a 10-year, $7.5 million Fannie Mae DUS loan for the acquisition of the 250-unit Bella Vista Apartments in Gastonia, N.C.
· a 10-year, $5 million Fannie Mae DUS loan for the acquisition of the 196-unit Wingate Place Apartments in Charlotte
· a 10-year, $5 million Fannie Mae DUS loan for the acquisition of the 176-unit Highlands Apartments in Charlotte
· a seven-year, $4 million Fannie Mae DUS ARM loan for the acquisition of the 192-unit Hanover Landing Apartments in Charlotte
· a 10-year, $2.3 million Fannie Mae DUS loan for the acquisition of the 98-unit Four Seasons Townhomes in Greensboro, N.C.
· a 10-year, $2 million Fannie Mae DUS Small Loan refinance for an unnamed 66-unit asset in Winston-Salem, N.C.
· a 10-year, $1 million Fannie Mae DUS Small Loan refinance for an unnamed 48-unit asset in Winston-Salem, N.C.
· a two-year, $4.3 million Arbor Realty Trust Bridge Loan for the acquisition of an unnamed 252-unit property in Lexington, Ky.