Friday, July 4, 2008

Arbor Closes $7.28M Fannie Mae DUS® Loan on Park Greenwood Apartments in Greenwood, IN


UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $7,280,000 loan under the Fannie Mae DUS® product line to refinance the 192-unit complex known as Park Greenwood Apartments in Greenwood, IN.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99 percent.

The loan was originated by Alex Kaushansky, (top right photo) Director, in Arbor’s full-service New York City lending office. “The loan was provided for an experienced operator who needed competitive financing after stabilization,” said Kaushansky.

CONTACT:

Ingrid Principe, Tel: (516) 506-4298, Arbor Commercial Mortgage, LLC Arbor Realty Trust, Inc. 333 Earle Ovington Blvd, Suite 900, Uniondale, NY 11553.
Posted by Alex at 9:08 AM
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