UNIONDALE, NY, Nov. 3, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,480,000 loan under the Fannie Mae DUS®ARM product line to refinance the 86-unit complex known as Oakley Shoals (top right photo) located in Union City, GA.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.93 percent.
The loan was originated by Ronen Abergel, (bottom left photo) Director, in Arbor’s full-service New York City lending office. “The borrower chose Arbor because of our ability to provide flexible terms, even in these challenging times,” said Abergel.
Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com
No comments:
Post a Comment