Arbor Closes $1,960,000 Fannie Mae DUS® Small Loan for 106 Wrentham Street in Boston, MA

UNIONDALE , NY (May 20, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,960,000 loan under the Fannie Mae DUS® Small Loan product line for the 16-unit complex known as 106 Wrentham Street in Boston, MA. (bottom left photo)

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.70 percent.

The loan was originated by John Kelly, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“Arbor continues to be a market leader in being able to deliver small balance loans with excellent financing terms in a timely manner,” Kelly said. “This transaction was for a repeat client who does an excellent job managing all of his assets.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555
http://www.arbor.com/