ARBOR CLOSES THREE MULTIFAMILY LOANS IN SOUTHEAST

WEST PALM BEACH AND LAUDERHILL, FLA.; AND RALEIGH, N.C. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded three loans totaling $13.25 million under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines in Florida and North Carolina. The 192-unit Sunset Place Apartments in West Palm Beach received a $6.5 million, 10-year loan, which amortizes on a 30-year schedule. Olive Tree Apartments, a 88-unit complex in Lauderhill, received a $3.3 million, 10-year acquisition loan, which amortizes on a 30-year schedule. Finally, the 39-unit Blackwolf Run II-6 in Raleigh received a $3.45 million, 9-year loan, which amortizes on a 30-year schedule. Alexander Kaushansky of Arbor's New York office originated the loans. Additional loan terms were not disclosed.