UNIONDALE, NY, Mar. 25, 2008--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $798,500 loan under the Fannie Mae DUS® 3MaxExpress® product line to acquire the 24-unit complex known as St. Regis Arms Apartments in Endwell, NY.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.27 percent. * DUS and 3MaxExpress are registered marks of Fannie Mae
The loan was originated by Stephen York, Director, in Arbor’s full-service Uniondale, NY lending office. “Arbor was pleased to offer competitive acquisition financing by utilizing Fannie Mae’s 3MaxExpress® program. We look forward to continuing our business relationship with this client,” said York.
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.
CONTACT:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900Uniondale, NY 11553
www.Arbor.com
Ingrid Principe
Tel: (516) 506-4298
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