UNIONDALE, NY, April 28, 2008--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $541,300 loan under the Fannie Mae DUS® 3MaxExpress® product line to finance the 20-unit complex known as Gables Court (photo above) in Fayetteville, NC.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.30 percent.
The loan was originated by John Edwards, (top right photo) Director, in Arbor’s full-service Boston, MA lending office.
“This financing reflect
s Arbor’s flexibility in providing top-level customer service regardless of loan size,” said Edwards. “We were pleased with the opportunity to fulfill this client’s financing needs.”
s Arbor’s flexibility in providing top-level customer service regardless of loan size,” said Edwards. “We were pleased with the opportunity to fulfill this client’s financing needs.”
CONTACT:Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid PrincipeTel:
(516) 506-4298
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