UNIONDALE, NY—Arbor Commercial Funding LLC,headquartered here, said Thursday it had financed 24multifamily loans totaling $123,227,400 through avariety of Fannie Mae product lines as well as itsown. The apartment assets were located mainly in the Southeast andSouthwest, along with two in Ohio and one in Pennsylvania.

“As there are strong multifamily investment opportunities acrossthe country, Arbor prides itself in providing local marketexpertise to its clients wherever their business takes them, asevidenced by this latest group of loans,” says MattNorman, a Dallas-based VP who originated all of the loans.“Equally important to offering geographic diversity is productdiversity and these transactions required an expansive productapproach that ranged from fixed- to adjustable-rate financing toaffordable housing, bridge, CMBS and small loans.”

The largest of the loans were for two properties in Houston. Onone, a 455-unit asset received a $16.8-million refinance fundedunder the Arbor CMBS Loan product line, while the acquisition of a704-unit Houston property received $16,534,000 through the ArborRealty Trust Bridge Loan product line.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.