Arbor Closes $1,878,700 Fannie Mae DUS® Small Loan for 1322 Commonwealth Avenue in Boston, MA

UNIONDALE, NY (May 24, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,878,700 loan under the Fannie Mae DUS® Small Loan product line for the 16-unit complex known as 1322 Commonwealth Avenue in Boston, MA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.98 percent.

The loan was originated by John Kelly, (middle right photo) Vice President, in Arbor’s full-service Boston, MA lending office. “In a challenging financing market, Arbor was pleased to provide financing on this acquisition,” said Kelly. “The deal allowed for 80 percent loan to value, non-recourse debt at what continue to be historically low interest rates.”


Arbor Closes $1,931,800 Fannie Mae DUS® Small Loan for Alder Village in  Portland, OR

UNIONDALE, NY (May 24, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,931,800 loan under the Fannie Mae DUS® Small Loan product line for the 50-unit complex known as Alder Village in Portland, OR.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.91 percent.

The loan was originated by Brian Scharf, (bottom left photo) Director, in Arbor’s full-service Uniondale, NY lending office. “Arbor provided acquisition financing for Alder Village at 80% of cost,” said Scharf. “This transaction further illustrates our commitment to providing non-recourse, maximum leverage financing for quality assets in the Pacific Northwest.”

Contact: Ingrid Principe, Marketing Manager, Arbor Commercial Mortgage, 333 Earle Ovington Blvd., Suite 900, Uniondale, NY 11553, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1