UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,180,000 loan under the Fannie Mae 3MaxExpressÒ product line to refinance the 25-unit complex known as 485 Cumberland Avenue in Portland, ME.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.18 percent.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.18 percent.
The loan was originated by John Edwards Director, in Arbor’s full-service Boston, MA lending office. “This financing opportunity represents the second loan we closed with this client,” said Edwards. “Once again, this is an example of the importance we place on repeat business and we look forward to continuing our business relationship with this client.”Arbor Commercial Funding LLC
Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility. Arbor’s seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers a broad array of financing options including Fannie Mae DUS®, FHA, CMBS, Bridge and Mezzanine products. Currently, Arbor services approximately $3 billion in loans. Arbor is a rated Standard & Poor’s third-party commercial loan and special servicer.
Arbor also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in real estate-related bridge and mezzanine loans, preferred equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, and has full-service lending offices throughout the United States.
DUS and 3MaxExpress are registered marks of Fannie Mae
Contact:
Arbor also manages Arbor Realty Trust, Inc., a real estate investment trust, (REIT), formed to invest in real estate-related bridge and mezzanine loans, preferred equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, and has full-service lending offices throughout the United States.
DUS and 3MaxExpress are registered marks of Fannie Mae
Contact:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
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