UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,900,000 loan under the Fannie Mae DUS® MBS product line to finance the 136-unit complex known as Ambassador Apartments (bottom left photo) in Balch Springs, TX.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05 percent.
The loan was originated by Robert Russell, (top right photo) Senior Vice President, in Arbor’s full-service New York, NY lending office.
“The client engaged Arbor on this transaction because they had the confidence that we could execute despite the current market volatility,” said Russell.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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