Arbor Closes $3,845,900 Fannie Mae DUS® Loan for Oakdale Apartments in Fayetteville, NC
UNIONDALE, NY (Sept. 3, 2008) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the funding of a $3,845,900 loan under the Fannie Mae DUS® product line to refinance the 118-unit complex known as Oakdale Apartments in Fayetteville, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.58 percent.
The loan was originated by John Edwards, (top right photo) Director, in Arbor’s full-service Boston lending office. “This closing represents the fourth property we have financed with this client demonstrating the importance we place on repeat business,” said Edwards. “We look forward to future financing opportunities with this client.”
UNIONDALE, NY (Sept. 3, 2008) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the funding of a $3,845,900 loan under the Fannie Mae DUS® product line to refinance the 118-unit complex known as Oakdale Apartments in Fayetteville, NC.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.58 percent.
The loan was originated by John Edwards, (top right photo) Director, in Arbor’s full-service Boston lending office. “This closing represents the fourth property we have financed with this client demonstrating the importance we place on repeat business,” said Edwards. “We look forward to future financing opportunities with this client.”
Arbor Closes $1,838,700 Fannie Mae DUS® Loan for Townwoods Apartments in Savannah, GA
Uniondale, NY (09/03/2008) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,838,700 loan under the Fannie Mae DUS® product line to finance the 57-unit complex known as Townwoods Apartments (middle right photo) in Savannah, GA.
The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.39 percent.
The loan was originated by John Kelly, (bottom left photo) Director, in Arbor’s full-service Boston lending office. “This represented Arbor’s second transaction on behalf of this client,” said Kelly. “The property is well maintained and has enjoyed a strong rental history.”
Uniondale, NY (09/03/2008) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,838,700 loan under the Fannie Mae DUS® product line to finance the 57-unit complex known as Townwoods Apartments (middle right photo) in Savannah, GA.
The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.39 percent.
The loan was originated by John Kelly, (bottom left photo) Director, in Arbor’s full-service Boston lending office. “This represented Arbor’s second transaction on behalf of this client,” said Kelly. “The property is well maintained and has enjoyed a strong rental history.”
Contact: Ingrid Principe, Tel: (516) 506-4298
iprincipe@arbor.com
iprincipe@arbor.com
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