UNIONDALE, N.Y. — Arbor Commercial Funding LLC, a wholly owned subsidiary of Arbor Commercial Mortgage LLC, has funded 13 loans totaling $43.7 million for multifamily communities in the Southeast. Stephen York of Arbor’s New York City office originated all of the loans, several of which were Fannie Mae loans. The financing included:
· a three-year, $10.8 million acquisition loan for a 392-unit unnamed community in Montgomery, Ala.
· a seven-year, $7.9 million acquisition loan for the 344-unit Sunrise Point Apartments in Birmingham, Ala.
· a two-year, $4.6 million acquisition loan for an unnamed 172-unit property in Gainesville, Fla.
· a 10-year, $2.1 million loan for the 48-unit 1720 Cleveland Street Apartments in Hollywood, Fla.
· a 12-year, $2 million loan for the 30-unit Gardens at Stirling Apartments in Davie, Fla.
· a 30-year, $1.4 million refinance loan for the 64-unit Winter Garden Apartments in Winter Garden, Fla.
· a seven-year, $3.5 million loan for the 150-unit Keystone Landing Apartments in Memphis, Tenn.
· a 10-year, $3.4 million refinance loan for the 58-unit Hearthstone Apartments in Blacksburg, Va.
· a 10-year, $2.7 million loan for the 56-unit Colonial Point Apartments in Gloucester, Va.
· a 10-year, $1.8 million refinance loan for the 100-unit Thomasville Church Homes in Thomasville, N.C.
· a 10-year, $1.4 million refinance loan for the 27-unit Ashebury Villas in Asheville, N.C.
· a 10-year, $662,500 refinance loan for the 10-unit Ashebury Villas II in Arden, N.C.
· and a seven-year, $1.4 million acquisition loan for the 22-unit Bancroft Court in Baltimore.