UNIONDALE, NY, April 28, 2008--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three loans tot
aling $55,692,000 under the Fannie Mae DUS® product line to finance the complexes totaling 1,115 units known as Rolling Ridge Apartments (photo at right below) in San Antonio, TX, Woodland Heights (photo above) and Laurel Hills (photo at left below) in Milford, NH and 480 & 490 Norfolk Street in Boston, MA.
Each of the three, five-year loans amortize on a 30-year schedule and carry a note rate of 5.11 percent. DUS and 3MaxExpress are registered marks of Fannie Mae
The loan was originated by John Kelly, (top right photo) Director, in Arbor’s full-service Boston, MA lending office. (Laurel Hills Apartments photo is at left)
aling $55,692,000 under the Fannie Mae DUS® product line to finance the complexes totaling 1,115 units known as Rolling Ridge Apartments (photo at right below) in San Antonio, TX, Woodland Heights (photo above) and Laurel Hills (photo at left below) in Milford, NH and 480 & 490 Norfolk Street in Boston, MA.Each of the three, five-year loans amortize on a 30-year schedule and carry a note rate of 5.11 percent. DUS and 3MaxExpress are registered marks of Fannie Mae
The loan was originated by John Kelly, (top right photo) Director, in Arbor’s full-service Boston, MA lending office. (Laurel Hills Apartments photo is at left)
“Arbor was pleased to have the opportunity to work with the Mayo Group, one of Boston’s largest national owners and developers of multifamily properties,” said Kelly.
“Mayo’s execution of their property management plans shows with each one of the communities. We very much appreciate the client’s trust in our ability to deliver as promised, and we look forward to the opportunity to continue to grow this financial partnership.”
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 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. (Rolling Ridge Apartments is at right)
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 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.
Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553
Ingrid Principe
Tel: (516) 506-4298
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