SAN FRANCISCO—Arbor Commercial Mortgage LLC appointed Garth Davis as senior vice president and Western regional director. Davis is responsible for originating Fannie Mae, FHA/HUD, CMBS, Bridge, Mezzanine and Preferred Equity transactions for multifamily and healthcare properties nationwide.
Davis is based in the company’s San Francisco office and reports to John Caulfield, chief operating officer. Davis brings 14 years of nationwide lending experience to Arbor across FHA, agency and CMBS financing platforms for both the multifamily and healthcare sectors.
According to the firm, Davis’ finance transaction expertise includes, short- and long-term financing, fixed- and floating-rate debt, new construction, acquisitions, refinancings, debt restructurings and capital structuring.
Most recently, he was successful in originating a $70-million multifamily acquisition transaction structured utilizing floating-interest-only bridge financing with an eventual FHA/HUD permanent loan. It directly met the clients’ objectives of initial short-term debt, maximized proceeds and cash flow and, subsequently, low-risk, long-term, fixed-rate permanent debt.
Davis was also one of the few loan originators to recently secure FHA/HUD long-term financing with an early rate lock, says the firm. “This allowed Davis to eliminate the interest rate risk that the volatile market could have had on the debt instrument.”
Davis wasn’t able to provide further information at this time regarding his thoughts on the market, but we will catch up to him after he gets settled in the new position.