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BALTIMORE-Evidence of the strength of Baltimore’s thriving multifamily property market has come through loud and clear with Uniondale, NY’s Arbor Commercial Mortgage LLC and Arbor Realty Trust Inc.’s recent facilitating of $136 million in loans for 15 multifamily communities in the city. The multi-faceted financial package, presented to a single borrower, consists of 12 loans that will be used to acquire and upgrade properties offering a total of 4,200 residential units.

“This transaction demonstrates Arbors ongoing commitment to provide a one-stop shop for borrowers using a variety of financing products designed to meet the needs of our clients,” says Arbor Realty Trust asset management & dispositions vice president Dan Palmier. Nine of the loans are 10-year Fannie Mae loans accounting for $110 million, while the remaining funding sources include a $14.2 million bridge loan, a $4.7 million mezzanine loan, and a $7.1 million preferred equity investment.

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