42
HOUSTON — Arbor Commercial Funding (Arbor) has arranged $50.1 million in acquisition financing for Broadway Square Apartments located at 8601 Broadway St. in Houston. The loan was arranged on behalf of the buyer, Post Investment Group, which purchased the property from a private developer. Broadway Square Apartments is a 2,469-unit complex built on 69 acres. The 5-year loan, which is on a 30-year amortization schedule, was originated by Alex Kaushansky of Arbor’s New York City office. The loan was arranged through Fannie Mae DUS.