TODAY’S DEALS: Arbor Closes $8,775,000 Fannie Mae DUS Loan, and Other Transactions

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By Anuradha Kher, Online News EditorBellingham, Wash.–Arbor Commercial Funding LLC recently completed funding of a $8,775,000 loan under the Fannie Mae DUS product line for the 171-unit complex known as Brampton Court Apartments (pictured) in Bellingham, Wash.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.86 percent.Ginnie Mae Completes $756M […]

By Anuradha Kher, Online News EditorBellingham, Wash.–Arbor Commercial Funding LLC recently completed funding of a $8,775,000 loan under the Fannie Mae DUS product line for the 171-unit complex known as Brampton Court Apartments (pictured) in Bellingham, Wash.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.86 percent.Ginnie Mae Completes $756M Multifamily MBS LoanWashington, D.C.–The Government National Mortgage Association (Ginnie Mae) has guaranteed its largest-ever multifamily construction loan issued by Prudential Huntoon Paige to help build Capital Health System (CHS), a state-of-the-art medical services facility in Trenton, N.J. The $756 million Ginnie Mae multifamily mortgage-backed security (MBS) is backed by the United States Government.Ginnie Mae’s multifamily MBS programs assist approved issuers in securitizing project and construction loans. In Fiscal Year 2008, the corporation guaranteed $5.2 billion in multifamily MBS, and guaranteed an estimated $2.6 billion in the first six months of FY 2009.

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