Arbor's Stephen York Closes Five DUS® Loans Totaling $16,206,700

UNIONDALE, NY, Oct. 8, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of five (5) loans totaling $16,206,700 under the Fannie Mae DUS® product line.

The loans were originated by Stephen York, (top right photo) Director, in Arbor’s full-service Uniondale, NY lending office. “We were very pleased with the recent funding of these transactions,” said York. “We look forward to our continued success with each of these clients.”

The loans include:

Park East Apartments, (bottom left photo) Valdosta, GA – Acquisition of a 100-unit complex in the amount of $3,186,200 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.24 percent.

Park at Walkers Landing Apartments, Magnolia, TX - Acquisition of a 64-unit complex in the amount of $2,065,800 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.25 percent.

Wellington Green MHC, Clarksville, IN - A loan for 319-unit complex in the amount of $6,790,700 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.48 percent.

Sherwood Arms, (middle right photo) Columbus, GA - Refinance of a 165-unit complex in the amount of $2,000,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.48 percent.

Wilshire Apartments, Dorchester, MA – Refinance of a 29-unit complex in the amount of $2,164,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.78 percent.

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