Two Fannie Mae DUS® Small Loans on Georgia Properties Total $4,727,100UNIONDALE, NY) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $4,727,100 under the Fannie Mae DUS® Small Loans product line. These loans include:
· Lauren Heights Apartments - Marietta, GA – 48-unit complex in the amount of $1,727,100. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.
· Lauren Heights Apartments - Marietta, GA – 48-unit complex in the amount of $1,727,100. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.
· Wyndham Hills Apartments - Forest Park, GA – 112-unit complex in the amount of $3,000,000. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.
The loans were originated by Robert Anderson, (top right photo) Director, in Arbor’s full-service Atlanta, GA lending office.
The loans were originated by Robert Anderson, (top right photo) Director, in Arbor’s full-service Atlanta, GA lending office.
“Arbor was able to provide long-term financing for an experienced borrower and his two properties in the metro Atlanta area,” said Anderson. “The client was happy to take advantage of a drop in interest rates to replace their maturing mortgage.”
$4,555,000 Fannie Mae DUS® Small Loan Goes to 8th Street/S. Westlake Apartments in Los Angeles, CA
Uniondale, NY (April 24, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,555,000 loan under the Fannie Mae DUS® Small Loan product for the 86-unit complex known as 8th Street/S. Westlake in Los Angeles, CA
.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.21 percent.
The loan was originated by Ronen Abergel, (bottom right photo) Director, in Arbor’s full-service New York, NY lending office. “Timing was of the essence, so we worked at lightning speed to close this transaction for the borrower,” said Abergel
Uniondale, NY (April 24, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,555,000 loan under the Fannie Mae DUS® Small Loan product for the 86-unit complex known as 8th Street/S. Westlake in Los Angeles, CA
.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.21 percent.
The loan was originated by Ronen Abergel, (bottom right photo) Director, in Arbor’s full-service New York, NY lending office. “Timing was of the essence, so we worked at lightning speed to close this transaction for the borrower,” said Abergel
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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