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
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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