Monday, August 18, 2008

Arbor Closes $3,087,800 Fannie Mae DUS® Loan for Amelia Apartments in Valdosta, GA


UNIONDALE, NY, Aug. 18, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the funding of a $3,087,800 loan under the Fannie Mae DUS® product line to refinance the 82-unit complex known as Amelia Apartments in Valdosta, GA.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.33 percent.

The loan was originated by Stephen York, (top right photo) Director, in Arbor’s full-service Uniondale, NY lending office. “Arbor was pleased to provide timely and competitive acquisition financing,” said York. “We look forward to future opportunities with this client.”

Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com

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