The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.63 percent.
The loan was originated by Jay Porterfield, (bottom right photo) Vice President, in Arbor’s full-service Plano, TX lending office.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMPvZI9XkqFoaeOxXJilbRv9pt49W3e_J0O7LtRDS6UXGEIkJBuwCrjOASvc9IFWUPrTFwdkK0sgGJ2uyZQ6ZxQZCtthjRd0z0NalknD6JcxQREVue5xVZSUnAk1bk6IQ3SqTgbtVPP4QV/s320/Jay+Porterfield,+arbor.jpg)
“Arbor provided this property acquisition financing against a fairly tight closing timeline and amid continued volatility in the market,” said Porterfield.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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