Arbor Closes Three Fannie Mae DUS Loans Totaling $6M

 $2,275,000 Fannie Mae DUS® Small Loan Closed for  Singing Oaks in Denton, TX

UNIONDALE, , NY- - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,275,000 loan under the Fannie Mae DUS® Small Loan product line for the 126-unit complex known as Singing Oaks (top left site map)  in Denton, TX.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.83 percent.

The loan was originated by Matthew Norman, Vice President, in Arbor’s full-service Dallas, TX lending office.

“This transaction required flexibility from Arbor and patience from the Borrower, as we were dealing with a potential acquisition that turned mid-process into a straight refinance,” said Norman.

“The tight deadline on the soon-to-be-retired debt added additional challenges that we were able to meet with a new Fannie Mae loan for this repeat client.”

$1,900,000 Fannie Mae DUS® Small Loan Closed  for 717-719 Parker Street in Boston, MA

UNIONDALE,  NY (Jan.  7, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,900,000 loan under the Fannie Mae DUS® Small Loan product line for the 7-unit complex known as 717-719 Parker Street in Boston, MA.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.57 percent.

The loan was originated by John Kelly, (middle right photo)  Vice President, in Arbor’s full-service Boston, MA lending office.

“This transaction represented Arbor’s continued strong presence in closing deals via our small loan program,” said Kelly. “This repeat client was able to secure long-term debt for another successfully renovated project and help us to further grow this financial partnership.”

 $1.6M Fannie Mae DUS® Small Loan Completed for 6 Lincoln Street in  Denver, CO

UNIONDALE,  NY (Jan.  7, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,600,000 loan under the Fannie Mae DUS® Small Loan product line for the 39-unit complex known as 6 Lincoln Street in Denver, CO.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.89 percent.

The loan was originated by Jay Porterfield,  (bottom left photo) Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor provided acquisition financing for this property in a strong submarket near downtown Denver, “said Porterfield. “Additionally, to enhance future cash flow, the borrower is working on plans to upgrade this already stable property.”

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