REBusinessOnline

ARBOR CLOSES TWO CA-BASED FANNIE MAE LOANS

UNION CITY and FRESNO, CA — Arbor Commercial Funding has closed two California-based loans totaling $28.3 million. The loans were obtained under the Fannie Mae DUSLoan and Fannie Mae DUSSmall Loan product lines. The first was for the 250-unit Greenhaven Apartments in Union City for $26.3 million. This is a 10-year acquisition loan with a 30-year amortization schedule. The second was for the 48-unit Lions Gate Apartments in Fresno for $2 million. This is a 10-year refinance loan with a 30-year amortization schedule. The loans were originated by Jay Porterfield, a vice president in Arbor’s Plano, TX-based lending office.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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