Arbor Closes Three Fannie Mae DUS® Loans Totaling $47,625,000

UNIONDALE, NY, Jan. 14, 2010 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three (3) loans totaling $47,625,000 under the Fannie Mae DUS® Loan product line. These loans include:

Mansions in the Park Apartments, (top left photo) Baton Rouge, LA – A 264-unit complex in the amount of $21,825,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.63 percent.

Carriage Oaks Apartments, Blaine, MN (middle right photo) – A 336-unit complex in the amount of $16,900,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.43 percent.

Colonial Estates, Coon Rapids, MN (bottom left photo)– A 192-unit complex in the amount of $8,900,000 funded under the Fannie Mae DUS® Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.43 percent.

“All three properties are in excellent condition and reflect high-quality management from Arbor’s experienced and repeat client,” said Joseph Donovan, (top right photo) Senior Vice President, in Arbor’s full-service Boston, MA lending office.

Contact:  Ingrid Principe, iprincipe@arbor.com