Arbor Arranges Refinancing of Spartan Crossing

The 116-unit community serves students of UNC-Greensboro.

SpartanCrossing-webGreensboro, N.C. — Arbor Commercial Mortgage has secured a $3.7 million loan for the refinancing of an off-campus student housing community in Greensboro. Spartan Crossing contains 116 units and is located at 700 Granite St., approximately three blocks from campus. The loan, which was provided under Fannie Mae's DUS product line, carries a 10-year term and a 30-year amortization schedule. John Edwards of Arbor's Boston office originated the funding. The borrower's name was not released.

— Coleman Wood

More News