UNIONDALE, NY) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $730,000 loan under the Fannie Mae DUS® Small Loan product line for the 40-unit complex known as Chalet Apartments in Irving, TXThe 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.87 percent.
The loan was originated by Peter Margolin, (top right photo) Director, in Arbor’s full-service Northbrook, IL lending office. “The borrowers were looking for long-term debt for their acquisition of this 40-unit property,” said Margolin.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555
http://www.arbor.com/
http://www.arbor.com/
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