Uniondale, NY (July 28, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,900,000 loan under the Fannie Mae DUS® Loan product line to refinance the 84-unit complex known as Centrum Apartments in Shreveport, LA.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.92 percent.
The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided financing for the acquisition of this property,” said Porterfield. “This was the second loan that Arbor has funded for this sponsor and we look forward to continuing to grow our financial partnership.”
Contact: Ingrid Principe, iprincipe@arbor.com
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