Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLORADO SPRINGS, CO-Arbor Commercial Mortgage LLC has closed a $4-million loan for the 152-unit Whispering Pines Apartments in this city 60 miles south of Denver. The complex is popular with US Army personnel from nearby Fort Carson.

Arbor refinanced the mortgage under its Edge product line. The 10-year loan amortizes over 30 years and carries a note rate of 7.1%. Bob Flint, an Arbor senior loan officer, originated the loan.

”Arbor was able to work through the military occupancy issues at the property and in the community in order to get this deal closed,” Flint says.

Arbor, based in Uniondale, NY, provides debt and equity financing for apartment complexes, senior and affordable housing, hotels, offices, industrial and retail properties. It has full-service lending offices covering all regions of the US.

The company offers FHA, Fannie Mae and structured financing programs, such as bridge and mezzanine financing. Currently, Arbor services more than $1.5 billion in loans.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.