Uniondale, NY (July 25, 2011) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and a national, direct commercial real estate lender, announced the recent funding of six loans totaling $23,631,000 under the Fannie Mae DUS® Loan and Fannie Mae DUS® Small Loan product lines from New York to California. These loans include:
The L at 30th Drive, Astoria, NY (top left photo)– This 39-unit complex received $8,900,000 funded under the Fannie Mae DUS® Loan product line. This 10-year refinance loan amortizes on a 30-year schedule.
Ludlow Street Apartments, New York, NY (top right photo) – This 27-unit complex received $1,800,000 funded under the Fannie Mae DUS® Small Loan product line. This 10-year refinance loan amortizes on a 30-year schedule.
Stones Crossing, Rock Hill, SC (middle left photo) – The 160-unit complex received $5,400,000 under the Fannie Mae DUS® Loan product line. This 10-year refinance loan amortizes on a 30-year schedule.
Hartford Hills Apartments, Los Angeles, CA (lower right photo) – This 102-unit complex received $3,645,000 funded under the Fannie Mae DUS® Small Loan product line. This seven-year refinance loan amortizes on a 30-year schedule.
232 Union Place Apartments, Los Angeles, CA – This 50-unit complex received $2,700,000 funded under the Fannie Mae DUS® Small Loan product line. The seven-year acquisition loan amortizes on a 30-year schedule.
2352 Glendale Boulevard, Los Angeles, CA – This 16-unit complex received $1,186,000 funded under the Fannie Mae DUS® Small Loan product line. This seven-year refinance loan amortizes on a 30 year schedule.
All of loans were originated by Ronen Abergel Vice President in Arbor’s full-service New York City office
Contact: Christopher Ostrowski, costrowski@arbor.com
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