Arbor Closes $32.35M Fannie Mae DUS® MBS ARM Loan for Vintage Pointe in Montgomery, AL

UNIONDALE, NY, April 14, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $32,350,000 loan under the Fannie Mae DUS® MBS ARM Loan product line to refinance the 520-unit complex known as Vintage Pointe (bottom left photo) in Montgomery, AL.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

The loan was originated by Ronen Abergel, (top right photo) Director, in Arbor’s full-service New York, NY lending office.

“On this particular deal, Arbor was competing with another lender who ultimately did not deliver on its commitments to the borrower,” said Abergel.

“With timing being critical for our client, we screened the deal within a couple hours and closed 28 days later.

The proceeds of the loan were precisely on target with the borrower’s request, which enabled him to close the deal.”

Contact: Ingrid Principe, P: 516.506.4298. F: 516.542.2555. http://www.arbor.com/