HOUSTON AND FARMERS BRANCH, TEXAS — Arbor Commercial Funding has originated two Fannie Mae DUS loans for a total of $10.65 million. The first loan totals $5.46 million and is secured by Windemere Apartments, a 257-unit multifamily community located in Texas. The loan carries a 10-year term, a 30-year amortization schedule and a 6.05 percent interest rate. The originator was Matt Norman of Arbor's Dallas office. The second loan is for $5.19 million and will be used for the refinancing of Huntington Cove Townhomes, a 100-unit multifamily community located in Farmers Branch. The non-recourse loan carries a 10-year term with a 30-year amortization schedule and a 5.98 percent interest rate. It was originated through the Fannie Mae DUS program by Jay Porterfield of Arbor's Plano, Texas, office. The borrowers were not disclosed.
ARBOR ARRANGES TWO FANNIE MAE DUS LOANS TOTALING $10.65 MILLION