UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,239,000 loan under the Fannie Mae DUS® product line to refinance the 227-unit complex known as Oak Leaf Village Apartments (photo above) in Houston, TX.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.08 percent.
DUS and 3MaxExpress are registered marks of Fannie Mae.The loan was originated by Peter Blass,(top right photo) Director, in Arbor’s full-service New York, NY lending office. “The principals did an excellent job in upgrading this property and Arbor looks forward to future transactions with these borrowers,” said Blass.
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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