Melbourne Park 3 Apartments in Greenville, NC Receives $3,442,500 Fannie Mae DUS® Loan
UNIONDALE, NY--- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,442,500 loan under the Fannie Mae DUS® Loan product line for the 72-unit complex known as Melbourne Park 3 Apartments in Greenville, NC. (top left photo)
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.
The loan was originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.
UNIONDALE, NY--- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,442,500 loan under the Fannie Mae DUS® Loan product line for the 72-unit complex known as Melbourne Park 3 Apartments in Greenville, NC. (top left photo)
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.
The loan was originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.
“The financing of Melbourne Park 3 highlights Arbor’s ability to structure a loan on a phased property with a strong repeat client and a solid property condition,” said Edwards.
Courtyard Apartments in Gretna, LA Obtains $1.8M Loan
UNIONDALE, NY--- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,800,000 loan under the Fannie Mae DUS® Loan product line to refinance the 84-unit complex known as Courtyard Apartments in Gretna, LA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.65 percent.
Courtyard Apartments in Gretna, LA Obtains $1.8M LoanUNIONDALE, NY--- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,800,000 loan under the Fannie Mae DUS® Loan product line to refinance the 84-unit complex known as Courtyard Apartments in Gretna, LA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.65 percent.
The loan was originated by Jay Porterfield, (bottom right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided a loan to refinance the existing, maturing loan on this property in New Orleans,” said Porterfield. “We were pleased to provide competitive, fixed-rate financing for this particular borrower, a wonderful organization that provides affordable housing options.”
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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