Arbor Closes Three Fannie Mae DUS® Loans Totaling $7,876,100

Uniondale, NY – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of three (3) loans totaling $7,876,100 under the Fannie Mae DUS® product line. These loans include:

· Prairie Glen East Cooperative, Manhattan, KS – A 100-unit complex in the amount of $1,476,100 funded under the Fannie Mae DUS® COOP (MAH) product line. The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.33 percent.

Park North Cooperative, Olathe, KS – A 100-unit complex in the amount of $2,500,000 funded under the Fannie Mae DUS® COOP product line. The 30-year loan amortizes on a 30-year schedule and carries a note rate of 7.54 percent.

Highleah Townhomes Cooperative, Independence, MO – A 330-unit complex in the amount of $3,900,000 funded under the Fannie Mae DUS® product line. The 15-year loan amortizes on a 30-year schedule and carries a note rate of 6.06 percent.

The loans were originated by Michael Jehle, (top left photo)  Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

 "With each loan, the members of the cooperative were able to borrow significant funds to provide extensive capital improvements to their community,” said Jehle. “This objective was achieved at very attractive long-term interest rates."

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