UNIONDALE, NY -- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,500,000 loan under the Fannie Mae DUS® product line to finance the 216-unit complex known as the Adams Lake Apartments (photo top right) in Fayetteville, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.91 percent.
The loan was o
riginated by John Edwards, (photo at left) Director, in Arbor’s full-service Boston, MA lending office. “We were pleased with the opportunity to finance a strong asset with equally strong management and sponsorship,” said Edwards. “This transaction required us to craft a loan structure that matched the client’s immediate funding needs. We look forward to continuing our relationship with this client.”
riginated by John Edwards, (photo at left) Director, in Arbor’s full-service Boston, MA lending office. “We were pleased with the opportunity to finance a strong asset with equally strong management and sponsorship,” said Edwards. “This transaction required us to craft a loan structure that matched the client’s immediate funding needs. We look forward to continuing our relationship with this client.”DUS and 3MaxExpress are registered marks of Fannie Mae.
Contact:
Contact:
Arbor Commercial Mortgage LLC
Arbor Realty Trust, Inc.
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
iprincipe@arbor.com
iprincipe@arbor.com
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