ARBOR CLOSES $18 MILLION MULTIFAMILY LOAN IN WINSTON-SALEM

WINSTON-SALEM, N.C. — Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, has funded a $18 million loan under the Fannie Mae DUS product line for a multifamily property in Winston-Salem. Alaris Village offers 284 apartment units. The 10-year loan carries 30-year amortization schedule. John Edwards in Arbor's Boston office originated the loan.