Arbor Closes $6,130,000 Fannie Mae DUS® Loan for Hamilton Square Apartments in Foxborough, MA

UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $6,130,000 loan under the Fannie Mae DUS® product line to acquire the 61-unit complex known as Hamilton Square Apartments (photo above) in Foxborough, MA.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.48 percent. *DUS and 3MaxExpress are registered marks of Fannie Mae .

The loan was originated by John Kelly, (photo at right) Director, in Arbor’s full-service Boston, MA lending office. “The loan amount included $300,000 for project upgrades that were identified by our client as part of their pre-acquisition strategy,” said Kelly. “We closed within the identified timeline and have already begun processing our next transaction for this excellent sponsorship team.”

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