New York Real Estate Journal

Edwards of Arbor funds three Fannie Mae loans totaling $16.11 million

March 7, 2011 - Brokerage
Arbor Commercial Funding, LLC has funded three loans totaling $16.11 million under the Fannie Mae DUS Loan, Fannie Mae DUS Dedicated Student Housing and Fannie Mae DUS Small Loan product lines: * Legacy Park Apartments, Winston-Salem, NC: The 198-unit complex received $11 million funded under the Fannie Mae DUS Loan product line. * Spartan Crossing, Greensboro, NC: The 116-unit complex received $3.7 million funded under the Fannie Mae DUS Dedicated Student Housing Loan product line. The property serves students attending the University of North Carolina at Greensboro. * Sunnybrook Apartments, Fayetteville, NC:The 24-unit complex received $1.41 million funded under the Fannie Mae DUS Small Loan (8.3% Military Concentration) product line. The loans were originated by John Edwards, VP, in Arbor's full-service Boston, Mass., lending office. "Arbor's team effort provided our clients with terms that surpassed the competition in an extremely timely manner," Edwards said. "We were most pleased with the opportunity to once again demonstrate to the marketplace our focus and determination when presented with exciting financing opportunities."