Monday, April 28, 2008

Arbor Closes $541,300 Fannie Mae DUS® 3MaxExpress® Loan for Gables Court at Fayetteville, NC



UNIONDALE, NY, April 28, 2008--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $541,300 loan under the Fannie Mae DUS® 3MaxExpress® product line to finance the 20-unit complex known as Gables Court (photo above) in Fayetteville, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.30 percent.

The loan was originated by John Edwards, (top right photo) Director, in Arbor’s full-service Boston, MA lending office.

“This financing reflects Arbor’s flexibility in providing top-level customer service regardless of loan size,” said Edwards. “We were pleased with the opportunity to fulfill this client’s financing needs.”

CONTACT:

Arbor Commercial Mortgage, LLC
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid PrincipeTel:
(516) 506-4298


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