Uniondale, NY (Sept. 9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $18,100,000 loan under the Fannie Mae DUS® Loan product line for the 154-unit apartment complex known as 2025 Seward in Bronx, NY. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.90 percent.
The loan was originated by Alexander Kaushansky (top right photo) , Director in Arbor’s full-service office in New York, NY office “The borrower received competitive terms through Arbor’s Fannie Mae DUS® program,” said Kaushansky. “We were able to deliver on all of the client’s requests and look forward to continuing this partnership for future transactions.”
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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