Arbor Closes $38,455,900 Fannie Mae DUS® MBS Loan for The Grove at Turtle Run in Coral Springs, FL

Uniondale, NY (July 13, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $38,455,900 loan under the Fannie Mae DUS® MBS product line for the 510-unit complex known as The Grove at Turtle Run (top left photo) in Coral Springs, FL.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.51 percent.

The loan was originated at Arbor’s Uniondale, NY headquarters.

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