ARBOR SECURES $1.95 MILLION MULTIFAMILY LOAN
FRIENDSWOOD, TEXAS — Arbor Commercial Funding has secured a $1.95 million loan for Bridgestone Apartments, a 76-unit multifamily community located in Friendswood. The loan was originated under the Fannie Mae DUS Small Loan product line. It carries a 10-year term, a 30-year amortization schedule and a 6.42 percent interest rate. The originator was Matt Norman with Arbor’s Dallas office. The lender was not disclosed.