Commercial real estate lender Arbor Commercial Funding, a wholly owned subsidiary of Arbor Commercial Mortgage, funded eight loans across New England under Fannie Mae deals, totaling about $20 million.
Concord Portfolio, Concord, N.H., was one of the two loans. The seven-property, 337-unit multifamily portfolio received a total of about $16.33 million funded under the Fannie Mae DUS Loan and Fannie Mae DUS Small Loan product lines.
The 10-year refinance loans amortize on 30-year schedules. The portfolio consists of multiple properties including Pinewood Village, Vineyard Terrance Apartments and Pines of West Concord.
The other loan was 66-77 Hamilton Street, Cambridge, Mass. The 11-unit multifamily property received about $3.7 million funded under the Fannie Mae DUS ARM 7-6 Loan product line. The seven-year refinance loan amortizes on a 30-year schedule.
All loans were originated by vice president of Arbor's New York City office Ronen Abergel.