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Calabasas-Locally based ARCS Commercial Mortgage LP, a leading national provider of multifamily financing, recently closed loans for Southern California properties totaling more than $226 million-one of which closed in just three days. The largest loan was for $150 million, expandable to $200 million, made to Sun Communities Inc., a national operator of manufactured housing communities. The most interesting involved a $15.3-million loan for the Aventine Apartments, a 200-unit complex in La Quinta, which ARCS closed in three days to beat the borrower's deadline for a 1031 exchange. The borrower was in jeopardy of losing the tax advantage after the initial lender failed to meet the client's financial requirements.