Arbor Closes $12.1M Fannie Mae DUS® Loan on Cypress Gates in Marina, CAUNIONDALE, NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $12,100,000 loan under the Fannie Mae DUS® product line to refinance the 134-unit complex known as Cypress Gates (top right photo) in Marina, CA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.40 percent.
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The loan was originated by Patrick McGovern, (top left photo) Director, in Arbor’s full-service New York, NY lending office. “Arbor was pleased to provide cash-out refinancing in excess of $3 million to a first-time borrower with extensive experience in the market, allowing them to invest in future opportunities,” said McGovern.
Arbor Closes $1,929,100 Fannie Mae DUS® Small Loan on Tiffany Terrace Apartments in Boston/Dorchester, MA
UNIONDALE, NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Com
mercial Mortgage, LLC, announced the recent funding of a $1,929,100 loan under the Fannie Mae DUS® Small Loans product line to refinance the 39-unit complex known as Tiffany Terrace Apartments in Boston/Dorchester, MA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.32 percent.
The loan was originated by John Kelly, (middle left photo) Director, in Arbor’s full-service Boston, MA lending office. “Arbor was pleased to refinance this transaction on behalf of the long-term owner,” said Kelly. “The property has an excellent track record of being well managed and maintained. We look forward to growing our financial partnership with this first time Arbor client.”
The loan was originated by Patrick McGovern, (top left photo) Director, in Arbor’s full-service New York, NY lending office. “Arbor was pleased to provide cash-out refinancing in excess of $3 million to a first-time borrower with extensive experience in the market, allowing them to invest in future opportunities,” said McGovern.Arbor Closes $1,929,100 Fannie Mae DUS® Small Loan on Tiffany Terrace Apartments in Boston/Dorchester, MA
UNIONDALE, NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Com
mercial Mortgage, LLC, announced the recent funding of a $1,929,100 loan under the Fannie Mae DUS® Small Loans product line to refinance the 39-unit complex known as Tiffany Terrace Apartments in Boston/Dorchester, MA.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.32 percent.
The loan was originated by John Kelly, (middle left photo) Director, in Arbor’s full-service Boston, MA lending office. “Arbor was pleased to refinance this transaction on behalf of the long-term owner,” said Kelly. “The property has an excellent track record of being well managed and maintained. We look forward to growing our financial partnership with this first time Arbor client.”
Arbor Closes $4.6M Fannie Mae DUS® Loan on Carriage House in Topeka, KS 
UNIONDALE, NY, Sept. 30, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,600,000 loan under the Fannie Mae DUS® product line to refinance the 282-unit complex known as Carriage House (middle right photo) in Topeka, KS.
The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.23 percent.
UNIONDALE, NY, Sept. 30, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,600,000 loan under the Fannie Mae DUS® product line to refinance the 282-unit complex known as Carriage House (middle right photo) in Topeka, KS.
The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.23 percent.
The loan was originated by Ronen Abergel, Director, (bottom left photo) in Arbor’s full-service New York, NY lending office. “This deal was turned down by a local bank in Kansas,” said Abergel. “However, we were able to work through the issues and close the loan within 30 days.”Contact: Ingrid Principe, iprincipe@arbor.com, Tel: (516) 506-4298
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