Arbor makes it permanent for Summit Fair Lakes
Uniondale, N.Y.-based Arbor National Commercial Mortgage LLC has closed a $48.4 million permanent-financing loan for Summit Fair Lakes, a 530-unit apartment complex in Fairfax, Va. The borrower was Charlotte, N.C.-based Summit Properties, which is a REIT. The 10-year, Washington, D.C.-based Fannie Mae loan closed in 30 days from application to funding.
Summit Fair Lakes features one-, two- and three-bedroom units in several floor plans. The apartments contain fireplaces and vaulted ceilings. Common-area amenities include an outdoor basketball court, a pool, a playground and a fitness center.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.
Outstanding Women in Commercial Real Estate
From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.
Click here to view more photo galleries.
Videos
2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs
Check out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...
Click here to view more videos.
advertisement
Blogs
|
Traffic Court |
|
BlackSwan |
This Week's Most Popular
Current Issue
 |
|
Join the Conversation
