The loan was originated by James Boris, an Arbor vice president for FHA loan products, and was underwritten in Arbor's full-service Chicago lending office.
The apartment complex is owned by Affordable Community Housing Trust, a California-based non-profit organization, and managed by Residential Management Resources based in Fox River Grove, IL.
Arbor Commercial Mortgage, LLC is a leading provider of debt and equity financing for multifamily apartment complexes, senior and affordable housing, hotels, office, industrial and retail properties. The companyis headquartered in Uniondale, NY and has lending offices in all regions of the country.
The company, which services more than $1.5 billion in loans, offers a variety of financing options, including FHA, Fannie Mae and Structured Financing programs, such as bridge and mezzanine financing.
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