Monday, November 3, 2008

Arbor Closes $3,48M Fannie Mae DUS®ARM Loan on Oakley Shoals in Union City, GA

UNIONDALE, NY, Nov. 3, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,480,000 loan under the Fannie Mae DUS®ARM product line to refinance the 86-unit complex known as Oakley Shoals (top right photo) located in Union City, GA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.93 percent.

The loan was originated by Ronen Abergel, (bottom left photo) Director, in Arbor’s full-service New York City lending office.

“The borrower chose Arbor because of our ability to provide flexible terms, even in these challenging times,” said Abergel.

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

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