Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,000,000 loan under the Fannie Mae DUS® 3MaxExpress® program to refinance the 36-unit complex known as Sherwood Commons (photo at left) in New Milford, CT.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.76 percent. * DUS and 3MaxExpress are registered marks of Fannie Mae.
The loan was originated by John Edwards, (photo at right) Director, in Arbor’s full-service Boston, MA lending office. “We were pleased with the opportunity to refinance this well-positioned property,” said Edwards. “We look forward to future opportunities with this client.”
CONTACT:
Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
www.Arbor.com
Ingrid Principe
Tel: (516) 506-4298
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