THREE LOANS SECURED FOR MULTIFAMILY PROPERTIES

by admin

FORT WORTH AND ARLINGTON, TEXAS — Arbor Commercial Funding has arranged three loans totaling more than $9 million for apartment complexes in Fort Worth and Arlington. A $3.41 million loan was secured for the 185-unit La Joya Apartments in Arlington; $3.36 million was obtained for the 216-unit Linda Vista Apartments in Fort Worth; and $3.19 million was secured for the 208-unit Bella Apartments in Fort Worth. The loans carry 5.69 percent interest rates on 10-year terms with 30-year amortization schedules. Arbor's Anthony Tarter arranged all the deals.

You may also like