 (1).png)
News:
Owners Developers & Managers
Posted: April 1, 2009
Jehle of Arbor originates $13.2 million for three Fannie Mae DUS loans
Arbor Commercial Funding, LLC funded three loans totaling $13.2 million under the Fannie Mae DUS product line including:
*Cumberland Green Co-op: A $8 million refinance loan for a 204-unit complex. The 30-year loan amortizes on a 30-year schedule and carries a note rate of 6.64%.
* Loma Vista West Coop, Kansas City, Mo.: $3.7 million loan for a 286-unit complex. The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.15%.
* North Pointe Apartments, East Lansing, Mich.: A $1.5 million loan for a 69-unit complex. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.23%.
The loans were originated by Michael Jehle, midwest regional director, in Arbor's Bloomfield Hills, Mich. lending office.
MORE FROM Owners Developers & Managers
Crescent Village Shopping Center trades to new owner for $1.75 million
Monroe, CT Crescent Village Shopping Center located at 115 Main St. has been sold to new owners. The multi-building retail center sold for $1.75 million or just under $142.00 per ft. The three buildings total 12,340 s/f on 1.54 acres
Quick Hits
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains