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August 23, 2005

By Sule Aygoren Carranza

Arbor Commercial Mortgage LLC has orchestrated a $125 million discounted mortgage-backed security credit facility for Aspen Square Management Inc., which will use the funds to finance multifamily and student housing properties. The company will initially use the cross-collateralized facility to refinance eight assets totaling 1,583 units in California, Oregon, Rhode Island and Texas for more than $79.7 million. The deal comes amid signs that as today's competitive climate has increased the importance of efficient execution, products such as the DMBS credit facility have gained in favor among real estate investors.

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