Hunters Woods Gets $8.5 Million Refinancing Loan

RESTON, VA Uniondale, New York-based Arbor Commercial Mortgage funds an $8.5 million refinancing loan for the Hunters Woods Fellowship House. The 224-unit housing complex has been serving seniors and people with disabilities for more than two decades.

By Barbra Murray | Updated on December 11, 2001

RESTON, VA-The 22-year-old Hunters Woods Fellowship House has received an $8.49 million refinancing loan under its Fannie Mae DUS product line from Uniondale, NY-based Arbor Commercial Mortgage LLC. Hunters Woods is a 224-unit housing complex on Colts Neck Road that caters to seniors and people with disabilities who have limited income. Hunters Woods is owned by a qualified 501C3 entity.

“This was a very interesting and complex transaction,” Regional Director of Arbor’s Mid-Atlantic office Ridgely W. Potter explains in a statement. The loan is a 17.25-year loan and is fully amortizing with a note rate of 7.46%. In January, the Fairfax County Board of Supervisors approved the issuance and sale of tax-exempt revenue bonds by the Fairfax County Redevelopment and Housing Authority for the rehabilitation of the structure’s 224 one-bedroom apartments.

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? Sign In Now

Dig Deeper

Recommended Stories

New York Community Bank Buys A Third of Signature's Assets

Jack Rogers | March 20, 2023

Forty banks branches convert to Flagstar brand in $2.7B deal brokered by FDIC

Net Lease Tenant Credit Losses Expected to Rise This Year

Erika Morphy | March 21, 2023

Green Street’s Spenser Allaway says losses will be above average this year.

Blackstone Stops Making Payments on $325M Las Vegas Office Loan

Jack Rogers | March 21, 2023

Hughes Center, a 1.5 million square foot office complex on Strip, goes to special servicing.

Resource Center

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

White Paper

Sponsored by Placer Labs Inc.

Navigating a New Normal in Business Travel

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

Browse More Resources ›

This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead.

Report

Sponsored by Placer Labs Inc.

The Retail Quarterly Index Report

This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead.

Browse More Resources ›

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

White Paper

Sponsored by Placer Labs Inc.

10 Top Retail Brands to Watch in 2023

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

Browse More Resources ›

GlobeSt. Multifamily Spring 2023Event

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

Get More Information

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.