Done Deals: Arbor Closes $1.92M Fannie Mae Small Mortgage Loan for Townview Apartments in Zephyrhills, FL

Thursday, May 8, 2008

Arbor Closes $1.92M Fannie Mae Small Mortgage Loan for Townview Apartments in Zephyrhills, FL

UNIONDALE, NY, May 8, 2008-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,920,000 loan under the Fa

nnie Mae Small Mortgage Loan product line to refinance the 46-unit complex known as Townview Apartments (above photo) in Zephyrhills, FL.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent. DUS and 3MaxExpress are registered marks of Fannie Mae.

The loan was originated by Ronen Abergel, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “The borrower was very pleased with the terms and pricing of the loan and looks forward to closing more deals with us in the future,” said Abergel.

Arbor Commercial Fun

ding, LLC, Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility.

Arbor’s seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers a broad array of financing options including Fannie Mae DUS®, FHA, CMBS, Bridge and Mezzanine products. Currently, Arbor services approximately $3 billion in loans. Arbor is a rated Standard & Poor’s third-party commercial loan and special servicer.

CONTACT:

Arbor Commercial Mortgage, LLC