Monday, March 30, 2009

Arbor Closes $3,520,000 Fannie Mae DUS® MBS Loan on Ballantyne Apartments in Syracuse, NY

UNIONDALE, NY (Mar. 30, 2009--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,520,000 loan under the Fannie Mae DUS® MBS product line to finance the 138-unit complex known as Ballantyne Apartments in Syracuse, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.

The loan was originated by Peter Margolin, (top right photo) Director, in Arbor’s full-service Deerfield, IL lending office. “Arbor assisted the borrower with the acquisition of this property by maximizing proceeds and offering a highly competitive rate,” said Margolin.
Contact: Ingrid Principe,

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