Tuesday, July 1, 2008

Arbor Closes $2.1M Fannie Mae DUS® 3MaxExpress® Loan on Horizon Apartments in Hilliard, OH


UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, has funded a $2,100,000 loan under the Fannie Mae DUS® 3MaxExpress® product line to refinance the 76-unit complex known as Horizon Apartments (above photo) in Hilliard, OH. DUS and 3MaxExpress are registered marks of Fannie Mae

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.43 percent.
The loan was originated by Alex Kaushansky, (top right photo) Director, in Arbor’s full-service New York City lending office.

“The borrower was pleased with Arbor's ability to deliver in a volatile period,” said Kaushansky. “This loan has helped the borrower maintain a low interest rate and optimum term portfolio.”

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

No comments:

Post a Comment