Arbor Commercial Mortgage recently funded seven FHA-insured multi-family loans for more than $49 million. The loans went to fund several multi-family properties in the Midwest.
The 172-unit Capital Villa Apartments in East Lansing, Mich., received $8.16 million. Burnt Tree Apartments also in East Lansing received $3.75 million, while Country View Apartments in Savage, Minn., received $3.057 million.
Arbors at Evansville Apartments in Evansville, Ind., received $2.96 million, while Arbors at Red Bank Apartments, also in Evansville, received $2.36 million.