Uniondale, NY (July 29, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $3,950,000 loan under the Fannie Mae DUS® Loan product line for the 257-unit complex known as Colerain Towers (top left photo) in Cincinnati, OH.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.95 percent.
The loan was originated by John Kelly, Vice President, in Arbor’s full-service Boston, MA lending office. “Arbor was pleased to work with this long-term owner who was looking to refinance their existing debt and make a few capital improvements,” said Kelly.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555
http://www.arbor.com/
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