Arbor Closes Two Fannie Mae DUS® Loans Totaling $3,142,000

UNIONDALE, NY (May 18, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $3,142,000 under the Fannie Mae DUS® product line. These loans include:

· Pavilion Apartments, Hartford, CT (bottom left photo) – 72-unit complex in the amount of $1,142,000 under the Fannie Mae DUS® MAH product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

· Windsor Oaks Apartments, New Haven, CT – 50-unit complex in the amount of $2,000,000 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99 percent.

The loans were originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“We were pleased with the opportunity to provide financing for repeat clients of Arbor,” said Edwards. The loans were arranged by Fred Vogell of Mortgage Resources.

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