UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $905,500 loan under the Fannie Mae DUS® Multifamily Affordable Housing product line for the 60-unit complex known as Mansfield Apartments in Hartford, CT.The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.95 percent.
The loan was originated by John Edwards, Vice President, in Arbor’s full-service Boston, MA lending office. “We were pleased to provide a low leverage loan to a repeat Arbor client,” said Edwards.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, www.arbor.com
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