Arbor Closes $2.8M Fannie Mae DUS® 3MaxExpress® Loan for Hillcrest Hampton in Orlando, FL

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,800,000 loan under the Fannie Mae DUS® 3MaxExpress® product line to finance the 156-unit complex known as Hillcrest Hampton (photo above) in Orlando, FL.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.84 percent.

The loan was originated by Peter Blass, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “The property is one of Orlando’s most affordable properties,” said Blass. “It has undergone a large amount of rehabilitation upgrades, making the property a very desirable place to live.”

* 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

http://www.arbor.com/

Ingrid Principe

Tel: (516) 506-4298