Arbor Closes $1,609,900 Fannie Mae DUS® 3MaxExpress® Loan on Campus Apartments in Columbus, OH

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $1,609,900 loan under the Fannie Mae DUS® 3MaxExpress® product line to refinance the 54-unit complex known as Campus Apartments (top left photo) in Columbus, OH.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 5.89 percent.

The loan was originated by Alexander Kaushansky, (middle right photo) Director, in Arbor’s full-service New York City lending office. “Arbor refinanced this student housing asset for Landis Properties, which has operated the property for over 30 years,” said Kaushansky.

Arbor Commercial Funding, 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. 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: Ingrid Principe, (516) 506-4298, iprincipe@arbor.com

Arbor Commercial Mortgage LLC

Arbor Realty Trust, Inc., 333 Earle Ovington Blvd, Suite 900, Uniondale, NY 11553

http://www.arbor.com/