Uniondale, NY (Nov. 9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $500,000 loan under the Fannie Mae DUS® Small Loan product line for the 18-unit property known as Sierra Madre Apartments (top left photo) in Fresno, CA.
The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99 percent.
The loan was originated by Greg Gillam, Director, in Arbor’s full-service Manhattan Beach, CA lending office.
“This transaction demonstrates Arbor’s continued ability to provide the most favorable financing available for multifamily properties,” said Gillam. “Arbor was pleased to deliver on the borrower’s request for funding with a competitive rate.
Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/
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