Arbor Closes $4M Fannie Mae DUS® Small Loan for Green Realty Apartments in Quincy, MA

Uniondale, NY (July 23, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,000,000 loan under the Fannie Mae DUS® Small Loan product line for the 54-unit complex known as Green Realty Apartments in Quincy, MA.

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, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“This transaction represents our flexibility in providing a single mortgage across assets scattered within the same market,” said Kelly. “Our client has owned the properties for 20-plus years and has done an excellent job of maintaining a strong tenant base, including some long-term commercial tenants.”

Contact: Ingrid Principe, iprincipe@arbor.com