UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,048,000 loan under the Fannie Mae DUS® 3MaxExpress® product line to acquire the 49-unit complex known as Clearview Apartments (above photo) in Fall River, MA.The 5-year loan am
ortizes on a 30-year schedule and carries a note rate of 5.63 percent.The loan was originated by John Kelly, (top right photo) Director, in Arbor’s full-service Boston, MA lending office. “Arbor was pleased to provide financing for this acquisition,” said Kelly. “Our client is taking over a complex with an excellent track record in a great location.”
* DUS and 3MaxExpress are registered marks of Fannie Mae
CONTACT:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
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