Arbor Closes $18M Fannie Mae DUS ® Loan for Saucon View Apartments in Bethlehem, PA

UNIONDALE, NY (Oct.r 16, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $18,000,000 loan under the Fannie Mae DUS® Loan product line for the 198-unit complex known as Saucon View Apartments in Bethlehem, PA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.06 percent.

The loan was originated by Edward Petti, (top left  photo) Director, in Arbor’s full-service New York, NY lending office. “The borrower was looking for a quick closing and a smooth due diligence process,” said Petti. “Arbor delivered on that request, closing in 50 days.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/, Follow us on Twitter @ arbor1