Uniondale, NY (July 10, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $2,300,000 under the Fannie Mae DUS® product line. These loans include:
Terrace Park Apartments, (top right photo) West Haven, CT – A 50-unit complex in the amount of $2,000,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.06 percent.
Westbrook Park Apartments, Seymour, CT – A 37-unit complex in the amount of $300,000 funded under the Fannie Mae DUS® product line. The 5-year loan amortizes on a 30-year schedule and carries a note rate of 6.08 percent.
Terrace Park Apartments, (top right photo) West Haven, CT – A 50-unit complex in the amount of $2,000,000 funded under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.06 percent.
Westbrook Park Apartments, Seymour, CT – A 37-unit complex in the amount of $300,000 funded under the Fannie Mae DUS® product line. The 5-year loan amortizes on a 30-year schedule and carries a note rate of 6.08 percent.
The loans were originated by John Edwards, (bottom left photo) Vice President, in Arbor’s full-service Boston, MA lending office.
“These financings represent a great opportunity to work with a repeat client while providing flexible loan terms,” said Edwards. “I cannot emphasize enough the importance we place on our long-term business relationships.”
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
No comments:
Post a Comment