Arbor Closes Five DUS® Loans Totaling $15,815,800

UNIONDALE, NY, Sept. 22, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of five (5) loans totaling $15,815,800 under the Fannie Mae DUS® product line. These loans include:

1063 NW 3RD, Miami, FL (bottom right map) – Refinance of a 20-unit complex in the amount of 1,309,500. The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.32 percent

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Crescent Gardens, Wilson, NC - Refinance of a 100-unit complex in the amount of 2,006,200. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.48 percent.

Spanish Village, Fort Worth, TX - Refinance of a 145-unit complex in the amount of 2,700,100. The 10-year loan amortizes on a 30 year schedule and carries a note rate of 6.51 percent.

Atrium Village, (middle left photo) Indianapolis, IN - Acquisition of a 116-unit complex in the amount of 4,500,000. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.21 percent.

Spanish Villas, Atlanta, GA - Refinance of a 157-unit complex in the amount of 5,300,000. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.28 percent.

The loans were originated by Peter Blass, (top right photo) Director, in Arbor’s full-service New York City lending office. “Although the lending environment has become challenging, we are still successfully funding multifamily transactions all over the country,” said Blass.

Contact: Ingrid PrincipeTel: (516) 506-4298
iprincipe@arbor.com