UNIONDALE, NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, and leader in the commercial real estate finance industry, announced it is reducing the initial processing fee for Fannie Mae DUS® Small Loans from $7,500 to $4,500. This is effective immediately and applies to all new small loans going forward as of today that are not in processing yet.
Up to 80% LTV
$1 - $3 million, up to $5 million in certain markets
Supplemental loans available during loan term and upon acquisition
“These enhancements show Arbor’s dedication to the Small Loan Program and our understanding of our clients’ needs in this current lending environment,” said John Caulfield, (top right photo) Executive Vice President. “As one of Fannie Mae’s largest DUS® lenders to offer the small loan product, we have seen competitors come and go, but we are here and committed to the program for the long term.”
This announcement comes on the heels of an already banner year for Arbor. For the second consecutive year, Arbor was named a Top Ten Fannie Mae DUS® lender. In the first quarter, the Company also created a west coast branch of operations to service its clients in that expanding market.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/. Follow us on Twitter @ arbor1
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