Arbor Closes Three DUS® Loans Totaling $4,994,000

UNIONDALE, NY, Oct. 14, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three (3) loans totaling $4,994,000 under the Fannie Mae DUS® product line. These loans include:

Palm Villas Apartments, (top right photo) Edinburg, TX - Acquisition of a 96-unit complex in the amount of $2,208,000 under the Fannie Mae DUS® Small Loans product line.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.24 percent.

Winchester-Smithfield Apartments, (bottom left photo) Winchester, VA - Acquisition of a 44-unit complex in the amount of $1,600,000 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.72 percent.

Back Acres, Johnson Creek, WI - Acquisition of a 45-unit complex in the amount of $1,186,000 under the Fannie Mae DUS® MHC product line. The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.59 percent.

The loans were originated by Peter Margolin, (top left photo) Director, in Arbor’s full-service Deerfield, IL lending office.

“All three loans helped the buyers meet the timelines of their transactions,” said Margolin “It provided them with the maximum leverage that was available in the market.”

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