Hickory Hollow Cooperative Townhouses in Wayne, MI Gets $4M Fannie Mae Co-op LoanUNIONDALE, NY -– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the funding of a $4,000,000 loan under the Fannie Mae Co-op product line to refinance the 267-unit complex known as Hickory Hollow Cooperative Townhouses (top right photo) in Wayne, MI.
The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.14 percent.
The loan was originated by Michael Jehle,(middle left photo) Director, in Arbor’s full-service Michigan lending office. “The members of this cooperative have big plans for many capital improvements to their property,” said Jehle. “By decoupling their HUD 236 mortgage, Arbor was able to provide, in part, these renovation funds with a long term, attractive fixed rate loan.”Arbor Closes $1.6M Fannie Mae DUS® Small Loan on The Pines Apartments in East Lansing, MI
UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $1,600,000 loan under the Fannie Mae DUS® Small Loans product line to refinance the 44-unit complex known as The Pines Apartments (bottom right photo) in East Lansing, MI.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.
UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $1,600,000 loan under the Fannie Mae DUS® Small Loans product line to refinance the 44-unit complex known as The Pines Apartments (bottom right photo) in East Lansing, MI.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.
The loan was originated by Michael Jehle, Director, in Arbor’s full-service Michigan lending office. “Arbor was successful in providing long-term fixed rate financing for this student property,” said Jehle. “The entire process went very smooth for this repeat client of ours.”
Arbor Closes $2M Fannie Mae DUS® Loan on Heritage House Apartments in New London, CT
UNIONDALE, NY, Oct. 8, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $2,000,000 loan under the Fannie Mae DUS® product line to refinance the 60-unit complex known as Heritage House Apartments in New London, CT.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.04 percent.
The loan was originated by John Edwards, (bottom left photo) Vice President, in Arbor’s full-service Boston, MA lending office.
UNIONDALE, NY, Oct. 8, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $2,000,000 loan under the Fannie Mae DUS® product line to refinance the 60-unit complex known as Heritage House Apartments in New London, CT.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.04 percent.
The loan was originated by John Edwards, (bottom left photo) Vice President, in Arbor’s full-service Boston, MA lending office.
“We were pleased with the opportunity to provide low leverage financing for a strong owner and operator,” said Edwards
Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com
No comments:
Post a Comment