Arbor Closes $13,987,000 Fannie Mae DUS ® Loan for Angelo’s Grove Apartments in Marion, AR

Uniondale, NY (Dec.  22, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,987,000 loan under the Fannie Mae DUS® Loan product line for the 256-unit complex known as Angelo’s Grove Apartments (top left photo)  in Marion, AR.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent.

The loan was originated by John Edwards, (bottom right photo) Vice President, in Arbor’s full-service Boston, MA lending office. “In collaboration with Financial Federal of Memphis, TN, we were pleased with the opportunity to provide our client a refinance opportunity in this low-interest-rate environment,” said Edwards.

Press Contact:  Stacey Corso, Marcus & Millichap, (925) 953-1716