Tuesday, October 28, 2008

Arbor Closes $1,490,100 Fannie Mae DUS® Small Loans for Lakeview Townhomes in Rowlett, TX

UNIONDALE, NY, Oct. 28, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,490,100 loan under the Fannie Mae DUS® Small Loans product line to refinance the 28-unit complex known as Lakeview Townhomes in Rowlett, TX. (top right photo)

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 6.39 percent.

The loan was originated by Patrick McGovern, (bottom left photo) Director, in Arbor’s full-service New York, NY lending office. “Arbor was able to creatively structure this refinancing to meet the borrower’s needs in a timely manner,” said McGovern.

Contact: Ingrid Principe, Tel: (516) 506-4298, iprincipe@arbor.com
Posted by Alex at 11:02 AM
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