The mortgage loans, which were originated by the Calabasas Hills branch of ARCS Commercial Mortgage Co. LP, are for a 25-year term and 30-year amortization at a rate of 7.4%. The larger of the two transactions involves a $16.5-million mortgage loan for the 277-unit Seawind Village Apartments. The $4.9-million mortgage loan is for the 94-unit La Quinta Hermosa Apartments.
ARCS is a nationwide provider of commercial property financing for investment-grade properties. A recognized leader in multifamily financing, ARCS is ranked as the number one Fannie Mae DUS lender and the number one Fannie Mae affordable housing lender. ARCS' total fundings in 2000, including DUS, exceeded $1.8 billion. The company now services a portfolio valued at nearly $8.5 billion, representing more than 1,500 borrowers across 39 states.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
